NASAA Supports Hedge Fund Adviser Registration Act

NASAA today endorsed proposed bipartisan legislation that would require hedge fund advisers to register with the Securities and Exchange Commission under the Investment Advisers Act of 1940.  The Hedge Fund Adviser Registration Act of 2009 (H.R. 711) is sponsored by Reps. Michael E. Capuano (D-MA) and Michael Castle (R-DE).