kaal:claim:1428387-031

Raising the Regulation D numerical tests by adding an investable assets requirement would probably not address how to remedy investors' lack of understanding of hard-to-value assets.

Source quote, verbatim

raising the numerical tests by adding an investable assets requirement236 would probably not address the question of how the lack of understanding of certain hard-to-value assets could be addressed.

From

Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009), VI.B Investor Qualification Requirements for Investments in Hedge Funds, p. 49
https://ssrn.com/abstract=1428387 · source PDF

Cite as

Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428387

Holds when

under the SEC proposal to add a 2.5 million dollar investments requirement

Classification

failuresupport: arguedfailure: threshold-raising-futilityfamily: investor-protection-gapsecurities-lawreputation

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