"Hedge Funds and General Solicitation: Don't Leap in Just Yet!" by Scott Budlong

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August 14, 2013

Hedge fund general counsel and chief compliance officers have been pondering what their firms should make of the SEC’s new Rule 506(c).  When it becomes effective next month, that provision will permit “general solicitation” by issuers making private placements of their securities, including hedge funds selling limited partnership interests. 

Richards Kibbe & Orbe LLP partner Scott Budlong prepared a white paper which provides an in-depth examination of the risks and opportunities afforded by this new rule.   This article also appeared in the Bloomberg BRIEF - Financial Regulation on Friday, September 27, 2013. 

Click here to read "Hedge Funds and General Solicitation: Don't Leap in Just Yet!"