The eligibility for registration as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”) based upon the amount of assets under management will increase from the current minimum threshold of $25 million to a new threshold of $100 million pursuant to the Dodd-Frank Financial Reform Act, which passed on July 21, 2010. The [...]
Monthly Archives August 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act Gives Additional Incentives and Protections to Whistleblowers
On July 23, 2010, the United States Securities and Exchange Commission (“SEC”) awarded $1 million to two individuals who provided crucial information and documents that led to the SEC’s insider trading cases against Pequot Capital. The award was the largest paid by the SEC for information in an insider trading case. However, a provision in [...]
