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Simple English definitions for legal terms

Dodd-Frank: Title IV - Regulation of Advisers to Hedge Funds and Others

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A quick definition of Dodd-Frank: Title IV - Regulation of Advisers to Hedge Funds and Others:

Dodd-Frank Title IV is a law that makes sure investment advisers of private funds, like hedge funds, register with the government and keep records of their activities. This helps the government keep an eye on risky funds and protect investors. Some advisers are exempt from these rules, but most have to follow them. The law also sets standards for who can be considered an accredited investor and requires periodic reviews to make sure the rules are up-to-date. The law went into effect in 2011 and the government continues to clarify and enforce the rules.

A more thorough explanation:

Definition: Title IV of the Dodd-Frank Act clarifies the registration and record-keeping requirements for investment advisers of private funds, including hedge funds, to provide the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) with information necessary to evaluate systemic risk of these funds. This Title expands the registration requirements to include most private funds, eliminates some exemptions, and establishes a standard for identifying accredited investors.

Examples: Private funds, including hedge funds, are required to register as investment advisers with the FDIC and maintain records of their activity. These records must include information on assets under management, use of leverage, counterparty credit risk exposure, trading and investment positions, valuation policies and practices, types of assets, side arrangements or side letters, and trading practices. Investment advisers must also take steps to safeguard any assets over which they exercise control, including verification of the assets by an independent public accountant.

Explanation: This Title aims to enhance supervision and record-keeping of private funds, including hedge funds, to allow the FDIC to conduct analyses of systemic risk of these funds. Investment advisers of private funds must register with the FDIC and provide and maintain records regarding the fund’s activity. The records must include information necessary to the public interest, for the protection of investors, or for the assessment of the systemic risk of that fund. The Title also establishes the requirements for investment advisers to register with the state authorities and sets the standard for identifying accredited investors.

Dodd-Frank: Title III - Transfer of Powers to the Comptroller of the Currency, the Corporation, and the Board of Governors | Dodd-Frank: Title IX - Investor Protections and Improvements to the Regulation of Securities

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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
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Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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