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Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, an organized effort was undertaken by single household places of work (SFOs) nationwide led by the Private Investor Coalition that successfully satisfied Congress to exempt SFOs from having to meet certain criteria from the definition of investment adviser beneath the Investment Advisers Act of 1940. Previously, such family offices were deemed to be investment advisers and relied on the "lower than 15 purchasers" rule to keep away from registration under the Act, a rule that was eradicated below Dodd-Frank.<br>

Revisión actual - 13:19 11 dic 2022


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