Broker Dealers, Registered Investment Advisers and Commodities/Futures Registered Entities: Recognizing Their Structured and Regulatory Differences

October 2016E-Books

At Fox Rothschild LLP, we have a wealth of experience in creating and forming broker-dealers, registered investment advisers, commodity entities and various hedge funds. Over the years, our strategy has been to work with our clients to develop these entities while also assisting them in their ongoing business operations. As a result of the breadth of our experience, we have produced this handbook as a reference guide for both those who are contemplating an entrance into this exciting field as well as those already in the business seeking a handy resource when a question arises.

In anticipation of your interest, we wish to provide you with a summary of the most common compliance-related issues faced by the above-referenced entities. Of course, we have not covered every conceivable issue. Therefore, we suggest that you contact us with any questions or concerns if an issue should arise. Please keep in mind that any deviation from the current statutory and regulatory structure could subject you and your associates to significant liability.

This handbook has been prepared in four parts. The first part provides a summary of the regulatory issues affecting broker-dealers, while the second and third parts relate to registered investment advisers and commodity entity formation and operation. The fourth part contains a discussion of hedge fund issues associated with registration as a commodity pool operator.

*This handbook has been prepared for internal use only as a generic summary guideline of the regulatory issues affecting formation and operation of the aforementioned entities. It has not been customized for the use of the recipient or to address and specific issues that may be unique to the recipient. Absent separate written confirmation by a Fox Rothschild attorney, this material is not to be relied upon as legal advice, an opinion of Fox Rothschild or as a current statement of the law. Further, this handbook remains the property of Fox Rothschild and is not to be reproduced or provided to any third party.