US Law
Securities Law
- Regulation D — Rule 506(b) and 506(c) private placement exemptions
- Investment Company Act of 1940 — Section 3(c)(1) and 3(c)(7) exemptions
- Investment Advisers Act of 1940 — exempt reporting adviser vs. registered adviser
- Rule 10b-5 — securities fraud and insider trading prohibitions
- Regulation FD — fair disclosure rules
- Section 13 Reporting — 13F, 13D/13G ownership disclosure
- Regulation SHO — short selling rules
- Regulation S — offshore offering rules
- Advertising Rules — general solicitation restrictions
State Law
- California LLC Law — Revised Uniform LLC Act, governance, fiduciary duties
- Blue Sky Laws — state securities notice filings
Tax Law
- Subchapter K — partnership taxation for LLC fund structures
- FIRPTA — withholding for non-US investors
- FATCA — foreign financial account reporting
- US-Korea Tax Treaty — 1976 convention, article-by-article analysis, IRC 894(c) mismatch, IRC 875, 1446 withholding, 1040-NR filing requirements
Fund Operations
- ERISA — benefit plan investor rules (25% threshold)
- Custody Rule — safeguarding client assets
- Form PF — systemic risk reporting
Compliance
- KYC — anti-money laundering, know your customer
- OFAC — sanctions screening
- CCPA — California privacy law
- Regulation S-P — consumer financial privacy
Other
- ESIGN Act — electronic signatures
- Trademark — protecting the Palace Fund name
- California Labor Law — employment rules