Because the SEC is still working out the appropriate use of Form PF and still improving the form and its instructions, its enforcement division is unlikely to open investigations into alleged misreporting or failures to report.
Source quote, verbatim
While the SEC is still ascertaining the appropriate use of Form PF and improving Form PF and the instructions to it, it is unlikely that the SEC's enforcement division will start investigations into alleged misreporting or failures to report.
From
Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013), III. SYSTEMIC RISK AND BANKRUPTCY DISCLOSURE COMMONALITIES, p. 27 https://ssrn.com/abstract=2348463 · source PDF
Cite as
Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013). SSRN: https://ssrn.com/abstract=2348463
Holds when
period while Form PF remains unstandardized
Classification
predictivesupport: arguedfailure: non enforcement of Form PF obligationsfamily: enforcement-gapprivate-fundssecurities-lawcompliancerisk-and-incentives
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