Securities Act of 1933: Primary federal legislation governing securities offerings, including registration requirements and exemptions for private placements commonly used by hedge funds
Securities Exchange Act of 1934: Regulates secondary market trading and establishes SEC oversight, including reporting requirements for certain investment vehicles
Investment Company Act of 1940: Regulates investment companies, with hedge funds typically seeking exemptions under sections 3(c)(1) or 3(c)(7)
Investment Advisers Act of 1940: Governs investment adviser registration and conduct, directly affecting hedge fund managers and their operations
Dodd-Frank Act: Post-2008 financial reform legislation introducing additional registration and reporting requirements for hedge funds
Regulation D: SEC rules governing private placement exemptions, particularly Rules 506(b) and 506(c) commonly used by hedge funds
Bank Secrecy Act: Primary AML legislation requiring financial institutions to assist government agencies in detecting and preventing money laundering
USA PATRIOT Act: Enhances AML requirements and introduces additional customer identification and verification obligations
ERISA: Regulates pension fund investments and imposes fiduciary duties when accepting retirement plan assets
Internal Revenue Code: Federal tax legislation affecting fund structure, investor taxation, and reporting requirements
FATCA: Foreign Account Tax Compliance Act requirements for foreign account reporting and withholding
Blue Sky Laws: State-specific securities regulations requiring compliance in addition to federal securities laws
Commodity Exchange Act: Federal regulations governing futures and commodities trading, relevant if fund engages in these investments
Gramm-Leach-Bliley Act: Federal privacy law requiring financial institutions to explain information-sharing practices and protect sensitive data
Form D Requirements: SEC filing obligations for private placement offerings under Regulation D
