On Sept. 9, 2014, the U.S. Commodity Futures Trading Commission staff granted broad relief intended to remove an obstacle to the ability of market participants, under rules previously promulgated by the U.S. Securities and Exchange Commission, to utilize general solicitation and general advertising in conducting placements of hedge fund and private equity fund interests (and
JOBS Act
How the Final and Proposed JOBS Act Rules Will Impact Hedge Fund Managers and Their Funds
By Paul N. Roth on
Posted in JOBS Act, SEC Regulation
On July 10, 2013, the SEC adopted and proposed various rules to implement the JOBS Act enacted last year. Click here to read an article that highlights a recent Practising Law Institute panel titled “JOBS Act: SEC’s New Regime for Private Placements” in which SRZ investment management partner Paul N. Roth, as part of…
The SEC’s JOBS Act Rulemaking: What It Means for Private Fund Managers
Posted in JOBS Act, SEC Regulation
The U.S. Securities and Exchange Commission took three significant actions on July 10, 2013:
Final Rules
1. The SEC approved final rules implementing the Congressional mandate under the Jumpstart Our Business Startups Act (the “JOBS Act”) to lift the ban on general solicitation and advertising in private securities offerings made in reliance on Rule 506…
The Long View: On Hedge Fund Marketing
By Marc E. Elovitz on
Asset gathering has become more competitive and challenging for hedge fund managers. It has also become more interesting to regulators. The challenge for managers is to understand the new regulatory requirements and prepare for what is coming next.
Click here to read my column that appeared in HFMWeek discussing hedge fund marketing and the SEC’s
The Long View: How Hedge Fund Advertising Has Been Impacted by the JOBS Act
By Marc E. Elovitz & Brad L. Caswell on
Posted in JOBS Act, SEC Regulation
Marketing hedge funds to U.S. investors has long been shaped by the ban on “general solicitation” and “general advertising” contained in the private placement regulation commonly relied on by private funds. The Jumpstart Our Business Startups Act, or JOBS Act, enacted April 5, 2012, requires the SEC to modify its regulations to lift the ban.…
The JOBS Act — Implications for the Private Fund Industry
By Marc E. Elovitz & Brad L. Caswell on
Posted in JOBS Act, SEC Regulation
On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups (JOBS) Act (H.R. 3606). The JOBS Act is intended to stimulate job creation by facilitating access to capital markets for emerging growth companies. Of particular interest to private funds and their managers is the provision of the JOBS Act which eliminates…