The Securities and Exchange Commission (the “SEC”) has adopted a new rule, defining the term “family office” for purposes of exempting family offices from registration under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Rule 202(a)(11)(G)-1, and Release No. 1A-3220. In adopting the final Rule, the SEC considered approximately 90 comment letters,…
MARTIN D. SKLAR
PARTNER
Martin Sklar advises clients on investment management issues, securities regulation, offerings and transactions, and mergers and acquisitions. He represents domestic and offshore investment funds from the formation process through maturity. He has particular experience in hedge fund as well as private equity offerings, management structure, marketing arrangements, state and federal advisor registrations and compliance, SEC reporting, shareholder rights issues, and portfolio transactions involving venture capital and other equity and debt securities offerings and bank debt transactions.
Practices
Education
New York University (J.D., 1984)
Princeton University (A.B., magna cum laude, 1981)
Bar Admissions
1985, New York
Insights
SEC Sets Parameters of Family Office Exemption from Advisers Act Registration
July 11, 2011Client AlertsSEC Intends to Increase Dollar Thresholds for
May 18, 2011Client AlertsInvestment advisors registered with the Securities and Exchange Commission may charge performance fees only to clients who meet the definition of “qualified client” under SEC Rule 205-3. In Release No. 1A-3198, the SEC announced that it intends to issue an order increasing the dollar thresholds contained in the definition of “qualified client.” Currently, a client…
SEC Expected to Consider Postponing Investment Adviser Registration Deadline to First Quarter 2012
April 10, 2011Client AlertsIn a letter to the president of the North American Securities Administrators Association, the Associate Director of the U.S. Securities and Exchange Commission (the “Commission”) Division of Investment Management, Robert E. Plaze, stated that although the Commission’s staff anticipates that the implementing rulemaking under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank…