On April 20, 2026, the U.S. Securities and Exchange Commission (“SEC”)  and the Commodity Futures Trading Commission (“CFTC”) jointly proposed to amend Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as commodity pool operators or commodity trading advisors. You can read the press release here: SEC.gov…

The SEC’s amendments to Regulation S-P, adopted May 16, 2024, substantially expanded privacy obligations for certain covered institutions, which includes SEC registered investment advisers (RIAs). Large RIAs (≥$1.5 billion in regulatory assets under management) had to comply since December of 2025 and smaller RIAs must comply effective June 3, 2026. There are five key tenets of the amendment: Expanded definition of information covered by the…

The California Fair Investment Practices by Venture Capital Companies Law (“FIPVCC”) was passed in 2023 and later amended in 2024. The initial registration and reporting deadlines under the FIPVCC are quickly approaching. Starting March 1, 2026, the operative provisions of FIPVCC go into effect. The FIPVCC requires a “Covered Entity” to register with the California Department of Financial Protection and Innovation…

On December 19, 2025, the staff of the CFTC’s Market Participants Division (“MPD”) issued CFTC No-Action Letter 25-50 that grants no-action relief (the “No-Action Relief”) from registration as a commodity pool operator (“CPO”) and commodity trading advisor (“CTA”) for eligible investment managers1 with respect to qualifying private funds where the following conditions are satisfied: SEC…

On June 4, 2025, the Securities and Exchange Commission (the “SEC”) issued a release requesting public comment on the definition of Foreign Private Issuer (“FPI”).  FPIs benefit from exemptions that provide full or partial relief from certain disclosure and filing requirements under U.S. federal securities laws. Under the current definition, an FPI is any company…

Honolulu – Rimon, P.C. is pleased to announce that is has expanded its global presence by opening an office in Honolulu, Hawaii. The opening of the Honolulu office is in response to the significant business opportunities the firm sees in this market, in areas including investment management, real estate, private wealth, hospitality, and show-business among others.…

CFTC Doubles the 4.7 Portfolio Requirement for CPOs and CTAs On September 12, 2024, the Commodity Futures Trading Commission (CFTC) published a Final Rule amending the CFTC Regulation 4.7 requirements for commodity pool operators (CPOs) and commodity trading advisors (CTAs). Regulation 4.7 – colloquially referred to as “registration light” – affords reduced disclosure, reporting, and…

Rimon Partner Nicole Kalajian was recognized by The Leaders Global magazine on their recently published list of “The 10 Highly Recommended Lawyers to Watch in 2024.” Her interview with the magazine is below. Congratulations, Nicole! Nicole Kalajian: A Standout Choice in the Legal Representation Looking for a credible and highly endorsed attorney is crucial in…

Avoid these top 10 mistakes to successfully launch your fund: Wrong Team. Finding vendors that specialize in fund launches is critical. First, you should locate an attorney that specializes in the type of fund you intend to launch (g., hedge, futures, crypto, etc.)  In addition to helping launch your fund, your legal counsel will provide…

Insight Success have released their complete digital report, Women in Charge: 10 Influential Leaders in the Legal World. July 2023, Rimon Partner, Nicole Kalajian was recognized on the list. Her interview with the magazine titled Nicole Kalajian: Modernizing the Legal Field is below. Congratulations, Nicole! Inventing a New Paradigm for Legal Services! For centuries, the legal profession…