Seward & Kissel posted a memo about recently amended Rule 205-3 under the Investment Advisers Act of 1940. The amendment, among other things, raised the dollar amounts of the assets under management test and the net worth test contained in that Rule.
Click http://www.sewkis.com/pubs/xprPubDetail.aspx?xpST=PubDetail&pub=414 to access the memo.
