# kaal:claim:2337268-017

**Claim.** The Title IV threshold registration requirement pulls a majority of the hedge fund advisers who had previously relied on the fewer than fifteen clients exemption into SEC registration.

**Type.** mechanism  **Support.** argued

**Holds when.**

- private fund advisers managing more than $150 million AUM

**Source quote.**

> The threshold registration requirement for private fund advisers under Title IV of the Dodd-Frank Act requires a majority of hedge fund advisers who had previously relied on the fewer than fifteen clients exemption31 to register with the SEC.

**From.** Wulf A. Kaal, *Investment Adviser Regulation* (2013), 3. Registration, page 10

**Cite as.** Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

**Verify.** sha256 of source PDF `7075ce35282a8ee75b81ae3dec0e19f68631beae7f3c3a00ab2827538dc9e302` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Investment%20Adviser%20Regulation.pdf

**Topics.** securities-law, private-funds

**Keywords.** registration-threshold, dodd-frank-title-iv, hedge-fund-advisers, regulatory-coverage

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/2389416-001

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