Law firm Wilmer Cutler Pickering Hale and Dorr claims that
the Securities and Exchange Commission does not have the
authority to require investment advisers with fewer than 15
clients to register with the Commission.
In a letter submitted to the SEC in response to the agency's
recently proposed rule to require hedge funds to register, the
law firm attacks the Commission's plan to "look through" funds
to count clients, one of the...