Hedge Fund Advertising Rules Due This Summer

Jun 29 2012 | 12:24pm ET

An 80-year-old ban on hedge fund advertising will finally be lifted this summer, U.S. Securities and Exchange Commission Chairman Mary Schapiro said yesterday.

Testifying before a House of Representatives oversight committee, Schapiro said that the new rule—mandated by April's JOBS Act—will not be ready by the 90-day deadline set out in the law. But she said she expects the commission to issue the rule this summer, which will allow hedge funds and other private funds to advertise to the general public.

"It's a bit more challenging a rule-making than it might seem on the surface," Schapiro said, noting that the JOBS Act requires the SEC to require private funds—which will still be available only to the wealthy—to take reasonable steps to ensure that investors are, in fact, accredited.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.