After the D.C. Circuit vacated the SEC's 2004 hedge fund adviser registration rule in Goldstein v. SEC, the overwhelming majority of private fund advisers who had registered under that rule deregistered.
Source quote, verbatim
The overwhelming majority of private fund advisers that had registered under the SEC's 2004 registration requirements deregistered after the Goldstein decision.
From
Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016), II. Dodd-Frank Act Reform of the Private Fund Industry, p. 8 https://ssrn.com/abstract=2732915 · source PDF
Cite as
Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016). SSRN: https://ssrn.com/abstract=2732915
Holds when
private fund advisers registered under the SEC 2004 rule
restated_bykaal:claim:2739479-002 The SEC's 2004 attempt to require hedge fund adviser registration failed: after the D.C. Circuit vacated the r...
extendskaal:claim:2714974-006 The SEC's 2004 hedge fund adviser registration rule failed in court because the agency lacked authority to def...
extendskaal:claim:2150377-006 The SEC's 2004 attempt to reach hedge fund advisers failed as a matter of administrative law: in July 2006 the...
restateskaal:claim:2150377-002 The immediate deregistration of hedge fund advisers following Goldstein v. SEC is revealed-preference evidence...
extended_bykaal:claim:2998097-002 The 2004 registration rule failed in court because the term client was not defined in the Investment Advisers ...
Verify
The quote above is an exact substring of the source PDF, whose sha256 is 643658c02f6625bca35595696116d0ad74d681ed8579c644832ae4a88b2a8c14. Extraction method: pdf-text-layer. Attestation record: colloquium/attestations/1655272998f59684...json Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2732915-008.md | sha256sum