Are Any Registrations Or Licenses Needed To Operate A Fund?
There is currently momentum to require fund managers to register as investment advisers. A fund manager should consider whether it has to register as an investment adviser in the state in which it has its principal office. Larger managers may have to register as investment advisers with the SEC. We can assist with these issues and with the registration process itself, should it prove necessary. In the case of state registration, principals of the manager and other key employees may have to pass the Series 65 exam.
