William K. Wetmore

Apr 22, 2024 | lexology.com | Barbara Niederkofler |Jason Daniel |William K. Wetmore

Click here to listen to the audioIn the latest episode of our OnAir with Akin podcast, we continue our Regulatory Minutes series, hosted by investment management partners Barbara Niederkofler and Jason Daniel, with special guest William Wetmore, an investment management partner in Akin’s San Francisco office.

Feb 15, 2024 | mondaq.com | Taylor Daly |Jason Daniel |Barbara Niederkofler |William K. Wetmore

Earlier today, the Securities and Exchange Commission in a 3‑2 vote adopted new Rules 3a5‑4 and 3a44‑2 (together, the Dealer Rules) under the Securities Exchange Act of 1934, as amended (the Exchange Act), that will define who is deemed to be buying and selling securities as a regular part of its business and thus considered a "dealer" or "government securities dealer."1 Section 3(a)(5) of the Exchange Act generally defines a "dealer"2 as "any person engaged in the business of buying and...

Aug 28, 2023 | lexology.com | Jason Daniel |Barbara Niederkofler |Ezra Zahabi |William K. Wetmore |Brian Daly

With the announcement of the new Private Funds Rule by the U.S. Securities and Exchange Commission (SEC), a full text of the amendments is linked below. The amendments are highlighted to show the changes from the initial proposal. This is a high-level overview of the changes, and not a complete redline. AttachmentsAuthors

Aug 28, 2023 | akingump.com | Jason Daniel |Barbara Niederkofler |Ezra Zahabi |William K. Wetmore

By: Jason M. Daniel, Barbara Niederkofler, Ezra Zahabi, William K. Wetmore, Brian T. Daly With the announcement of the new Private Funds Rule by the U.S. Securities and Exchange Commission (SEC), a full text of the amendments is linked below. The amendments are highlighted to show the changes from the initial proposal. This is a high-level overview of the changes, and not a complete redline.

Jun 15, 2023 | mondaq.com | Brian Daly |Jason Daniel |Barbara Niederkofler |William K. Wetmore

On June 8, 2023, the SEC Division of Examinations staff (EXAMS) published a risk alert focused on the new Marketing Rule (Rule 206(4)-1 under the Investment Advisers Act of 1940). While this new risk alert largely mirrors earlier guidance from EXAMS, there are several takeaways for private fund managers to consider.