Bradley D. Bostwick

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Articles

The SEC Limits The Internet Adviser Exemption - Securities - United States

Apr 18, 2024 | mondaq.com | Jennifer L. Klass |Matthew Rogers |Bradley D. Bostwick

On 27 March 2024, the US Securities and Exchange Commission (SEC) adopted amendments (the Amendments) to Rule 203A-2(e) under the Investment Advisers Act of 1940 (Advisers Act). Rule 203A-2(e) is commonly known as the "Internet Adviser Exemption." Originally adopted in 2002, advisers relying on the Internet Adviser Exemption are permitted to register with the SEC, even if they do not have enough assets under management or otherwise qualify for federal registration.
The SEC Limits the Internet Adviser Exemption | JD Supra

Apr 17, 2024 | jdsupra.com | Bradley D. Bostwick |Jennifer L. Klass |Matthew Rogers

Brief OverviewOn 27 March 2024, the US Securities and Exchange Commission (SEC) adopted amendments (the Amendments) to Rule 203A-2(e) under the Investment Advisers Act of 1940 (Advisers Act). Rule 203A-2(e) is commonly known as the “Internet Adviser Exemption.” Originally adopted in 2002, advisers relying on the Internet Adviser Exemption are permitted to register with the SEC, even if they do not have enough assets under management or otherwise qualify for federal registration.
The SEC Limits the Internet Adviser Exemption

Apr 15, 2024 | lexology.com | Jennifer L. Klass |Matthew Rogers |Bradley D. Bostwick

Brief OverviewOn 27 March 2024, the US Securities and Exchange Commission (SEC) adopted amendments (the Amendments) to Rule 203A-2(e) under the Investment Advisers Act of 1940 (Advisers Act). Rule 203A-2(e) is commonly known as the “Internet Adviser Exemption.” Originally adopted in 2002, advisers relying on the Internet Adviser Exemption are permitted to register with the SEC, even if they do not have enough assets under management or otherwise qualify for federal registration.
United States | USCIS Establishes Employment Authorization Procedures for Certain Palestinians

Apr 12, 2024 | natlawreview.com | Jena Valdetero |Stephen Barrett |Jordan Grotzinger |Bradley D. Bostwick

Skip to main content April 12, 2024 Volume XIV, Number 103 Legal Analysis. Expertly Written. Quickly Found.
The SEC Fines Stand-Alone Adviser for Off-Channel Communications

Apr 12, 2024 | natlawreview.com | Bradley D. Bostwick

On 3 April 2024, the US Securities and Exchange Commission (the SEC) announced the first settlement with a stand-alone registered investment adviser for, among other things, failures to maintain and preserve certain electronic communications (the Order).1 Like prior settlements involving broker-dealers, the SEC’s focus was on communications relating to employees’ use of unapproved applications on personal devices to engage in business-related communications (known as “off-channel...
The SEC Narrows The Internet Adviser Exemption

Apr 3, 2024 | mondaq.com | Jennifer L. Klass |Matthew Rogers |Bradley D. Bostwick

On 27 March 2024, the US Securities and Exchange Commission (SEC) adopted amendments (the Amendments) to Rule 203A-2(e) under the Investment Advisers Act of 1940, known as the "Internet Adviser Exemption." The Internet Adviser Exemption allows certain advisers that provide investment advice through an interactive website (Internet Advisers) to register with the SEC, even if they do not have enough assets under management to otherwise qualify for federal registration.
Fifth Circuit Court Of Appeals Hears Oral Arguments In Industry Groups' Ongoing Petition To Vacate Private Fund Adviser Rules

Feb 20, 2024 | mondaq.com | TJ Bright |Bradley D. Bostwick

On 5 February 2024, the US Fifth Circuit Court of Appeals heard oral arguments from the Securities and Exchange Commission (SEC) and industry groups representing private investment fund sponsors, in the industry groups' ongoing petition to vacate the new private fund adviser rules (PFAR) adopted by the SEC on 23 August 2023. Arguments from both sides largely centered on whether the SEC overstepped its authority in adopting the PFAR.
Fifth Circuit Court of Appeals hears oral arguments in industry groups’ ongoing petition to vacate private fund adviser rules

Feb 12, 2024 | lexology.com | TJ Bright |Bradley D. Bostwick

On 5 February 2024, the US Fifth Circuit Court of Appeals heard oral arguments from the Securities and Exchange Commission (SEC) and industry groups representing private investment fund sponsors, in the industry groups’ ongoing petition to vacate the new private fund adviser rules (PFAR) adopted by the SEC on 23 August 2023. Arguments from both sides largely centered on whether the SEC overstepped its authority in adopting the PFAR.