However, the regulatory burden placed on a foreign Exempt Reporting Adviser is not that different from that on a Registered Investment Adviser. 1  Reporting Requirements Since Dodd-Frank imposed new requirements on foreign advisers, the actual benefit foreign advisers receive from the exempt status is a matter of debate.
Jerry Buss' vision of Showtime was inspired by the nightclub The Horn. Lakers owner Jack Kent Cooke in 1979 was in the process of selling the team to Jerry Buss. Possessing the first overall pick in the upcoming 1979 NBA Draft, the Lakers narrowed their choice to either Magic Johnson or Sidney Moncrief.
Founded in 1947, the Lakers are one of the NBA's most famous and successful franchises. As of summer 2012, the Lakers hold the all-time records for wins (3,125), winning percentage (.620), and NBA Finals appearances (31).