Regulated Money Management

With more than $130 trillion in assets under management, investment advisers perform a vital role in raising and deploying capital within the U.S. financial system, and in meeting the retirement and other financial needs of ordinary Americans. This course is designed to familiarize students with the legal and regulatory framework of the investment management industry, and the role of the Securities and Exchange Commission in regulating the industry. The course focuses on the Investment Advisers Act of 1940 and the Investment Company Act of 1940 and examines how these statutes, along with other federal and state laws, govern the formation, distribution and management of investment-related products and services, including mutual funds, hedge funds and private equity and venture capital funds. We will also discuss whether and how these laws apply to the management of different varieties of crypto assets.