California Proposes Private Fund Adviser Exemption

Interested persons may, in writing, comment on the California Department of Corporations' proposed private fund adviser exemption until 5 pm on February 20, 2012. Send comments by regular mail to Department of Corporations, Attn: Karen Fong, Office of Legislation and Policy, 1515 K. Street, Suite 200, Sacramento, CA 95814, and by electronic mail to regulations@corp.ca.gov. Private fund advisers are exempt from investment adviser registration if they satisfy specified requirements.