Numerous states have recently adopted or proposed rules that exempt hedge funds, or "private funds" from the registration requirement of those states' investment adviser laws. We have previously blogged about a number of state rules including those in Virginia, California, Maine, Massachusetts, Wisconsin, Colorado and Rhode Island. The majority of the rules are similar to one another; however, there are a few key differences. Attached is a table detailing the similarities and differences among the seven different states.
Page Perry, LLC provides legal and compliance services to investment advisers, broker-dealers, registered representatives, hedge funds and issuers of securities, among others. Our regulatory practice group assists financial service providers with the complex issues that arise in the course of their businesses, including compliance with federal and state laws and rules.