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Client Alert

Court Overturns SEC's Hedge Fund Manager Registration Rule

June 29, 2006

Investment Management Practice Group

Last Friday, June 23, 2006, the D.C. Circuit Court of Appeals invalidated as “arbitrary” the SEC’s new Rule (Investment Advisers Act Rule 203(b)(3)-1) that required many hedge fund managers to register as investment advisers.

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Practice Areas

Investment Management


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