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Podcast: Tokens of Wisdom
Episode: Episode 1: Private Fund Legislative Overview
Description: In this introductory episode, Dave gives a high-level overview of the main legislation that governs a private fund business: the Securities Act (which governs the sale of interests in your fund to investors); the Investment Company Act (which governs the fund entity); and the Investment Advisers Act (which governs the manager acting as an investment adviser).For each law, he walks through the main considerations private fund managers need to deal with:·     Securities Act – 506(b) or 506(c)?·     Investment Company Act – 3(c)(1) or 3(c)(7)?·     Investment Advisers Act – how to analyze regulatory obligations?This show is for in...