kaal:claim:2150377-008

Because Title IV's registration exemptions are broad enough to threaten the rule they qualify, the Dodd-Frank Act deliberately gives the SEC rulemaking authority to keep the exemptions from swallowing the rules.

The Dodd-Frank Act also empowers the SEC to utilize its rulemaking authority to prevent the exemptions from registration to "swallow the rules."100

Wulf A. Kaal, Hedge Fund Manager Registration Under the Dodd-Frank Act (2012), 1. Registration
https://ssrn.com/abstract=2150377 · source PDF

Wulf A. Kaal, Hedge Fund Manager Registration Under the Dodd-Frank Act (2012). SSRN: https://ssrn.com/abstract=2150377

• exemptions for private fund advisers, venture capital advisers, and foreign private advisers under Title IV

designsupport: assertedfailure: exemptions-swallow-the-rulesfamily: regulatory-arbitragedynamic-regulationsecurities-lawregulatory-failure

• supported_by kaal:claim:2337268-015 The pre Dodd-Frank exemption for advisers with fewer than fifteen clients failed as a regulatory boundary beca...
• supported_by kaal:claim:2389416-029 The Dodd-Frank Act registration threshold creates incentives strong enough that some advisers opt out of regis...

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