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Updates on Regulation, Trading, and Market Reforms for the Alternative Investment Community

AuthorGeoffrey Perusse

Geoffrey Perusse represents sponsors and managers of private funds across asset classes, including real estate, private equity, debt, venture capital and hedge funds, with respect to the structuring, formation and operation of the funds, as well as operational and compliance matters. Read more

Delaware Law Updates

Mark Diamond,Benjamin L. Douglas,Geoffrey Perusse

In Regulatory

March 15, 2019

On July 23, 2018, Delaware amended the Delaware limited liability company act (the “LLC Act”). The two key amendments were to (a) permit a divisive or divisional merger and (b) create provisions related to a registered series. Divide Away! (aka Divisive Mergers) The LLC Act now permits a divisive or divisional merger. Under new Section 18-217 of the LLC Act, a Delaware LLC will be permitted to...

Registered Investment Adviser Compliance Update

Mark Diamond,Benjamin L. Douglas,Geoffrey Perusse

In Compliance, Regulatory

March 15, 2019

The SEC’s Division of Enforcement has indicated that one of its focuses for 2018 was on retail investors. This focus has translated into increasing number of cases involving investment advisers. According to the Enforcement Division’s recently published reports, cases involving investment advisers and investment companies were the second largest group of actions in the last year, just...