Obama's JOBS Act rules will change hedge fund industry
President Obamas Jumpstart Our Business Startups Act will change the hedge fund industry by allowing advisors to private funds to advertise their services.
By Paula Aven Gladych|April 17, 2012 at 09:45 AM
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President Obama’s Jumpstart Our Business Startups (JOBS) Act will change the hedge fund industry by allowing advisors to private funds to advertise their services.
According to Kinetic Partners, a global professional services firm to asset management, investment banking and brokerage companies, the JOBS Act amends the text of Rule 506 on private placements and forces the U.S. Securities & Exchange Commission to lift the ban on general solicitation and advertising on hedge funds.
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