Family Offices Clear One More Regulatory Hurdle
Family offices have now cleared three hurdles in the regulatory actions considered as a result of the Dodd-Frank repeal of the SEC’s old system for exempting family offices from regulation. If they fulfill three basic qualifications established by the SEC, they can avoid registering as investment advisors with the SEC and avoid registering as a commodity pool operator (CDO) and a commodity trading advisor (CTA) with the CFTC.