Anti-fraud rule in effect

A rule took effect Sept. 10 that clarifies the SEC’s ability to go after hedge fund advisers who make false or misleading statements to investors.
OCT 02, 2007
By  IN Staff
A rule took effect Sept. 10 that clarifies the SEC’s ability to go after hedge fund advisers who make false or misleading statements to investors. The new rule ― which also applies to private equity funds, venture capital funds and mutual funds ― makes it illegal for those advisers to defraud, deceive or mislead investors, regardless of whether they are registered under the Advisers Act. For more information, go to the SEC site.

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