Market regulation · 30/12/2014

William E. Simon & Sons, LLC and New Vernon Advisors, Inc. Seek Exemption from Investment Adviser Definition

William E. Simon & Sons, LLC and New Vernon Advisors, Inc. have submitted a request to the Commission, seeking an exemption from the definition of 'investment adviser' under the Advisers Act, citing Section 202(a)(11). The applicants aim to avoid being classified as an investment adviser, a designation that would require them to register with the Commission.