Hedge Fund Rule Vacated by United States Court of Appeals.
Mondaq Business Briefing › Nbr. 2006, January 2006
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Hedge Fund Rule Vacated by United States Court of Appeals.
In a ruling issued on Friday, June 23, 2006, the United States Court of Appeals for the District of Columbia Circuit vacated Rule 203(b)(3)(2) (the "Rule") promulgated under the Investment Advisers Act of 1940 (the "Act"), which had been adopted by the Securities and Exchange Commission (the "SEC") in December 2004 afte...
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