# US Law

## Securities Law
- [Regulation D](regulation-d.md) — Rule 506(b) and 506(c) private placement exemptions
- [Investment Company Act of 1940](investment-company-act.md) — Section 3(c)(1) and 3(c)(7) exemptions
- [Investment Advisers Act of 1940](investment-advisers-act.md) — exempt reporting adviser vs. registered adviser
- [Rule 10b-5](rule-10b-5.md) — securities fraud and insider trading prohibitions
- [Regulation FD](regulation-fd.md) — fair disclosure rules
- [Section 13 Reporting](section-13-reporting.md) — 13F, 13D/13G ownership disclosure
- [Regulation SHO](regulation-sho.md) — short selling rules
- [Regulation S](regulation-s.md) — offshore offering rules
- [Advertising Rules](advertising-rules.md) — general solicitation restrictions

## State Law
- [California LLC Law](california-llc-law.md) — Revised Uniform LLC Act, governance, fiduciary duties
- [Blue Sky Laws](blue-sky-laws.md) — state securities notice filings

## Tax Law
- [Subchapter K](subchapter-k.md) — partnership taxation for LLC fund structures
- [FIRPTA](firpta.md) — withholding for non-US investors
- [FATCA](fatca.md) — foreign financial account reporting
- [US-Korea Tax Treaty](us-korea-tax-treaty.md) — 1976 convention, article-by-article analysis, IRC 894(c) mismatch, IRC 875, 1446 withholding, 1040-NR filing requirements

## Fund Operations
- [ERISA](erisa.md) — benefit plan investor rules (25% threshold)
- [Custody Rule](custody-rule.md) — safeguarding client assets
- [Form PF](form-pf.md) — systemic risk reporting

## Compliance
- [AML/KYC](aml-kyc.md) — anti-money laundering, know your customer
- [OFAC](ofac.md) — sanctions screening
- [CCPA](ccpa.md) — California privacy law
- [Regulation S-P](regulation-s-p.md) — consumer financial privacy

## Other
- [ESIGN Act](esign-act.md) — electronic signatures
- [Trademark](trademark.md) — protecting the Palace Fund name
- [California Labor Law](california-labor-law.md) — employment rules