SRLJ Publishes James Deeken Review of SEC’s New Private Funds Rule
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“A Walk-Through Perilous Pitfalls: An Analysis of the SEC’s New Private Funds Rule,” written by Akin investment management partner James Deeken, has been published by Securities Regulation Law Journal.
In his analysis of the Securities and Exchange Commission’s (SEC) adopted new rules that govern the “relationships between private investment funds and their investors,” James highlights theme components of the Private Funds Rule. He notes the evolution of the SEC’s approach as “thinking away from a traditional approach that focused on disclosure to one that focuses increasingly on merit.” He also highlights another theme suggesting that the Private Funds Rule is part of the SEC's attempt to “expand its regulations of private fund investment advisers” that were previously exempt from registering with the SEC.
James describes how the Private Funds Rule significantly broadens regulatory requirements, “the Private Funds Rule represents a dramatic expansion of regulation to unregistered investment advisers who may not otherwise be used to vast Advisers Act compliance burdens.”
To read the full article, click here.
