# kaal:claim:2447306-027

**Claim.** Where SEC guidance failed, the failure was localized: respondents who found guidance inadequate pointed predominantly to Form PF Section 1c, Item B, which concerns information about the reporting fund.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- respondents who rated SEC guidance inadequate
- responses to survey Question 13b

**Source quote.**

> The majority of the commenters who believed that SEC guidance was inadequate indicated that SEC guidance was particularly unclear with respect to Form PF Section 1c, Item B (regarding Reporting Funds).

**From.** Wulf A. Kaal, *Private Fund Disclosures Under the Dodd-Frank Act* (2014), VI. Discussion and Conclusion, 1. Summary of Key Findings, page 38

**Cite as.** Wulf A. Kaal, Private Fund Disclosures Under the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2447306

**Verify.** sha256 of source PDF `0c950d73240845e78faf1c3ca0ab820fcc50556faf7ff07f7f773d0876f0be8a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202014%20-%20Private%20Fund%20Disclosures%20Under%20the%20Dodd-Frank%20Act.pdf

**Failure mode.** section-1c-guidance-gap  (family: regulatory-lag)

**Topics.** securities-law, private-funds, disclosure, empirical-evidence

**Keywords.** sec-guidance, form-pf, reporting-funds, survey-results, regulatory-clarity

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/2470008-004

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.