Private Inequity: NYT Examines How the Private Equity Industry Avoids Taxes nakedcapitalism.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nakedcapitalism.com Daily Mail and Mail on Sunday newspapers.
Family offices are investment firms that solely manage the money of a single family and that of the family office s key employees. The Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) granted the SEC broad rule-making authority to exempt family offices from the Investment Advisers Act of 1940. Section 202(a)(11)(G) of the Investment Advisers Act exempts from the definition of an investment adviser, and therefore from all of the requirements of that Act, any family office, as defined by rule, regulation, or order of the Commission. In June 2011, the SEC adopted Rule 202(a)(11)(G)-1 defining a family office for purposes of this exemption. Under this Rule, a family office is excluded from the investment adviser definition if it: (1) manages the wealth and other affairs of a single family, (2) provides investment advice only to family clients, (3) is wholly-owned by family clients and exclusively controlled by family members and/or certain family entities, a
The recent defaults by Archegos caused several large broker-dealers to incur significant losses. Archegos represented that it operated as a single-family office, which made it exempt from many provisions of the federal securities and commodities laws
A Toast To 40: Opening Remarks At The SEC Small Business Forum, Martha Miller, Advocate For Small Business Capital Formation, May 24, 2021 Date
24/05/2021
Good afternoon, everyone. Whether this is your first Small Business Forum or fortieth, I want to thank you for joining us today and over the course of the week. Planning any 40th event whether a birthday, anniversary, or work milestone engenders an element of nostalgia. If this were a birthday party, we might have a slideshow of childhood pictures and play top hits from the year of birth. In planning for this year’s 40th Small Business Forum, our team couldn’t help but think about the original Forum in 1982 and the events that precipitated it. So please humor me today as I paint the picture of then and now, photos and all. The good news for you: unlike a birthday party toast, this one will not trail on and on, leaving you wondering which cousin will take the mic from the loquacious uncle.