Iraq Investments: Dodd Frank Act break down from Wikipedia: "Dodd Frank Act break down from Wikipedia
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Breitling
As a practical matter, prior to the passage of the Dodd-Frank Act, investment advisers were not required to register with the SEC if the investment adviser had fewer than 15 clients during the previous 12 months and did not hold itself out generally to the public as an investment adviser.
The Dodd-Frank Act eliminates that exemption, thereby rendering numerous additional investment advisers, hedge funds, and private equity firms subject to new registration requirements.[32]
Certain non-bank financial institutions and their subsidiaries will be supervised by the Fed[33]
in the same manner and to the same extent as if they were a bank holding company.[34]"
