Legal Seminar, Chicago, IL

C. ITCs continue to be exempt from registration under the Investment Advisers Act of 1940 after Dodd-Frank. Pursuant to SEC Rule, so are “family offices” as defined. D. Dodd-Frank also revised SEC regulation of investment advisers to cover those with at least $100 Million in assets under management and those with at least $25 Million not regulated by states.

E. Acquiring a trust business in an FDIC bank failure can be dangerous and difficult.

Questions/Discussion

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