Chicago partner Jeff Blumberg co-wrote an article for the MFA Reporter on the likely impact of recent regulatory changes on investment advisers. Changes adopted as a result of the financial crisis mean that 2011 will be a crucial year for investment advisers, who will need to prepare for different practices in registration requirements and reporting obligations.
Jeff, a member of the firm's Investment Management Practice Group, focuses on steps advisers should take to prepare for the changes ahead -- including those imposed by the Dodd-Frank Act, new Securities and Exchange Commission (SEC) measures, and the adoption of the “pay-to-play” rule under the Advisers Act. The article concludes that putting a solid compliance program in place “will certainly pay off in the end, both from a regulator perspective as well as from the perspective of attracting clients.”
Click on the PDF link above to view the full article.