US Financial Reform: Big Changes for Small-tier Managers
Now that US financial reform in the guise of the Dodd-Frank Wall Street Reform and Consumer Protection Act has become law, some of the smallest members of the financial industry are facing one of the biggest impacts of the new regulation.
Namely, hedge fund and investment managers with less than $100 million in assets will have to comply with US state regulators. Questions of what technological and operational changes will be necessary for compliance come immediately to mind, and will depend
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