Mon, Aug 3, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Senior SEC official supports hedge fund ads

Tuesday, May 21, 2013

From Precy Dumlao, Opalesque Asia – All roads are leading to the lifting of the hedge fund advertising rule, as another senior official from the Securities and Exchange Commission (SEC) said she favors allowing hedge funds to publicly advertise.

But SEC Commissioner Elisse Walter said the rule allowing hedge funds to advertise their products should also include a provision that protects investors. She said the decades-old ban should be lifted but added the SEC must take a look at some recommendations given by an investor advisory committee, reported Marketwatch.com.

"We have a proposal out there, and it’s a very shockingly stark proposal how streamlined it was and how few questions it asked," Walter was quoted as saying by the report.

Walter is the second senior SEC official who added their voice favoring the lifting of the hedge fund rule as one of the provisions under the JOBS Act, the legislation approved by Congress in April 2012 seeking to ease access to capital for small and mid-sized companies.

Last month, SEC chairman Mary Jo White said he would push to adopt a rule allowing hedge funds to advertise in a move consumer advocates say could fail to protect unsophisticated investors.

According to BusinessW......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner