• SEC Adopts Rules under the Dodd-Frank Act Implementing Amendments to the Investment Advisers Act and Extends Deadline for Compliance
  • July 12, 2011
  • Law Firm: Sullivan Cromwell LLP - New York Office
  • On June 22, 2011, the Securities and Exchange Commission (the “SEC”) adopted final rules to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd- Frank Act”) regarding investment advisers, especially advisers to private funds, such as hedge funds and private equity funds. Together, the Dodd-Frank Act provisions, which come into effect as of July 21, 2011, and the SEC’s final rules will: