Late last week, a senior SEC lawyer encouraged the private equity and hedge fund communities to consider whether certain practices of private fund managers could subject these firms to SEC registration as broker-dealers. David W. Blass, Chief Counsel of the agency’s Division of Trading and Markets, raised the issue during an April 5, 2013 speech to the American Bar Association’s Trading and Markets subcommittee.View full memo, "SEC Lawyer Speaks to Broker-Dealer Registration Status of Private Fund Managers"
