SEC To Extend Hedge Fund Registration Deadline

Apr 12 2011 | 4:51am ET

Hedge funds and private equity firms will likely have some more time to register with the Securities and Exchange Commission, the regulator said.

Currently, alternative investment firms have until July 21 to register, but that date will likely be moved to early next year, Robert Plaze, an associate director at the SEC, said Friday. “We expect the Commission will consider extending the date… until the first quarter of 2012.”

Law firms and industry representatives have been pushing for a delay, complaining that the SEC has not yet issued the final registration rules, which are set to cover firms that manage in excess of $150 million. Plaze said that the rules would be issued “in advance of July 21.”

Plaze added that smaller firms, which are required to register with state regulators rather than the SEC under the Dodd-Frank financial regulation reform law, would also received the six-month extension.

“I get a lot of e-mails saying, ‘thank you,’” Plaze told HedgeFund.net about the extension news.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...