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SEC Confirms Cash Solicitation Rule Not Applicable to Hedge Funds |
August 6, 2008
Previously published on July 18, 2008
The staff of the U.S. Securities and Exchange Commission released an interpretive letter, on Tuesday, July 15, 2008, clarifying that Investment Advisers Act Rule 206(4)-3 (generally referred to as the cash solicitation rule) does not apply to solicitations of investors in an investment pool such as...
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