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The Regulatory Compliance Association reviews and presents Private Investment Fund Regulation. In almost all circumstances, interests in hedge funds are offered and sold to investors without registration of the fund under the Investment Company Act of 1940 and without registering the securities issued by the fund under the Securities Act of 1933. To qualify for these exemptions, the securities offered by hedge funds must be offered and sold in a valid private placement.
The private placement rules in the United States are complex and restrict the types of investors who may acquire securities in a private placement as well as the manner in which the securities may be offered. In particular, an issuer may not engage in any activities which might constitute general solicitation or advertising.
This textbook will explore in detail all of the requirements that must be satisfied in order to conduct a valid private placement, and will begin by describing the background and requirements of Regulation D, an SEC Rule that most private offerings seek to comply with. The textbook will explore the following issues:
What constitutes a private offering
Who can invest
Who can raise capital
Media and communications with the press
The impact of the internet on private placements
Filing requirements
The textbook will also discuss considerations for compliance procedures to ensure that the Rules are complied with and will explore the regulatory and legal consequences of violating the Rules, and will conclude with an evaluation of potential future changes to the restrictions on private placements. Please visit the Regulatory Compliance Association's website for special discounts and member pricing on all textbooks www.rcaonline.org/course_cateogry/featured-courses/
- Sales Rank: #3387612 in eBooks
- Published on: 2015-08-25
- Released on: 2015-08-25
- Format: Kindle eBook
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