Client Alert - Exempt Reporting Advisers, May 12, 2016
This Client Alert discusses the District of Columbia's regulation of exempt reporting advisers (specifically, venture capital advisers and private fund advisers) following the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder. We conclude that in order for the District of Columbia to succeed in achieving its goal of “building an ecosystem that will make D.C. a world-wide hub for technology and innovation”, the Department of Insurance, Securities and Banking will need to reconsider its current approach with respect to exempt reporting advisers.
TCLG Client Alert - Exempt Reporting Adv
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