# kaal:claim:2447306-030

**Claim.** Regulatory flexibility can backfire: a category of respondents reported that the flexibility the SEC provides is not useful precisely because it is unclear and generates confusion.

**Type.** failure  **Support.** evidenced

**Holds when.**

- minority of respondents to survey Question 7a(ii)
- low overall response rate to this question

**Source quote.**

> Another category of responses indicated that the flexibility provided by the SEC is not useful because it is not clear and creates confusion.

**From.** Wulf A. Kaal, *Private Fund Disclosures Under the Dodd-Frank Act* (2014), V. Results, 2. Shortcomings and SEC Guidance, page 30

**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.** flexibility-breeds-confusion  (family: definitional-ambiguity)

**Topics.** private-funds, securities-law, compliance

**Keywords.** regulatory-flexibility, ambiguity, form-pf, sec-guidance, compliance

**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.