| 13.07.2007 Other Voices: The new SEC anti-fraud rule, What is the new rule and what does it cover?, Rule applies to registered and non-SEC registered advisers, Marketing non-US funds and services to US persons to permit SEC to exercise jurisdiction over foreign advisers |
| From Mark Berman, who as former SEC lawyer is a recognised expert on SEC regulation and founder of CompliGlobe Limited (www.compliglobe.com): At a just-concluded open meeting, the US Securities and Exchange Commission voted unanimously to adopt new Rule 206(4)-8, an anti-fraud rule under s.206 of the US Investment Advisers Act of 1940. The new rule would, according to the SEC, ban advisers to poo |
| Article source: http://www.sec.gov/news/digest/2007/dig071207.txt - Opalesque is not responsible for the content of external internet sites |