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New Jersey
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- A number of bills relevant to the hedge fund industry have been introduced in the New Jersey legislature over the past 18 months. Included among them are: (i) a bill that would require the registration of any investment adviser which is not registered with the SEC and which has a place of business in the state; and (ii) a bill that would subject the sale of securities to the provisions of the state’s Consumer Fraud Act. Since 2007, MFA has been actively engaged with policy makers in the state, discussing each of these proposed bills and the potential adverse consequences that could result from certain provisions in the current drafts.
- Beginning in late 2007, through the spring of 2008, MFA opposed two proposed bills in New Jersey that would negatively affect the alternative investment industry. One bill, proposed in the New Jersey Senate, would eliminate an existing exemption from registration with the state as an investment adviser. If adopted as proposed, investment advisers who have a place of business in the State of New Jersey and who are not registered with the SEC would be required to register with the state. The second bill, proposed in the New Jersey Assembly, would add hedge funds to the definition of merchandise, and therefore the sale or advertising of hedge funds would be subject to the New Jersey Consumer Fraud Act.
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Industry Pulse
- March 9, 2010
Politico
- Showdown looms for financial reform
- March 8, 2010
The Financial Times
- Bair seeks upfront levy on big banks
- March 8, 2010
Reuters
- Senators wrangle over OTC derivatives exemptions
- March 6, 2010
Reuters
- In Europe, Volcker makes case for bank trading limits
- March 5, 2010
The Wall Street Journal
- Six Steps Toward Financial Reform
- March 4, 2010
Politico
- Financial reform still on the table
- March 2, 2010
The Wall Street Journal
- Deal Near on Banking Rules
- March 2, 2010
The Washington Post
- Dodd wants Democratic support for consumer-protection regulator at Fed
- March 2, 2010
The Financial Times
- SEC’s new short selling rules ‘threaten liquidity’
- March 2, 2010
Politico
- Frank: Dodd deal like 'a bad joke'
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MFA Calendar
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