Global Regulation of Alternative Investments

Free CAIA Level II lesson in Universal Investment Considerations. 31 min read, ~4,617 words.

Securities regulation rests on three named principles: transparency, market integrity (fundamental fairness), and rule-of-law protection of the economic and social system; asymmetry and systemic risk explain why those principles exist. United States: the Investment Advisers Act drives adviser registration; private funds rely on 3(c)(1) and 3(c)(7) exemptions and Regulation D...

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