Many sponsors of private equity funds and hedge funds are scrambling to register as investment advisers with the SEC as required by the Dodd-Frank Act.  The process is completed by filing Form ADV with the SEC.  Likewise, many exempt advisers to private equity groups and hedge funds will also have to file a portion of Form ADV with the SEC.

The SEC has recently issued frequently asked questions on Form ADV.  Many hedge fund and private equity sponsors will find the FAQs useful in finding short-cut answers to recurring questions on Form ADV.

Check dodd-frank.com frequently for updates on the Dodd-Frank Act and other important securities law matters.