1. The enactment of Investment Advisers Act and an early U.S. Supreme Court decision has emboldened the SEC to bring actions against fraudulent practices by investment advisers;See Generally Infra Part;J. CORP. FIN. & COM. L,2016
2. Arguing how easy it was for private equity to opt out of securities regulation.); see Vijay Sekhon, Can the Rich Fend for Themselves: Inconsistent Treatment of Wealthy Investors under the Private Fund Investment Advisers Registration Act of 2010, 7 HASTINGS BUS;See James;How Private is Private Equity, and at What Cost?, 76 U. CHI. L. REV,2009
3. The Dodd-Frank Act of 2010