California adopts new private fund adviser exemption
California has adopted a new exemption from the state’s investment adviser registration requirements that will require many investment advisers in the state to either submit a copy of their Form ADV to the state by 26 October 2012 or register as an investment adviser in California by 26 November 2012.
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California’s first carbon allowance auction on 14 November 2012 featured plenty of demand but a lower-than-expected closing price, based on results released on Monday by the California Air Resources Board.
The FTC announced a potentially groundbreaking settlement with the social networking app Path and released an important new staff report on Mobile Privacy Disclosures late last week.