{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/2714974-022",
 "identifier": "kaal:claim:2714974-022",
 "text": "Neither obvious remedy for the increased sales pressure created by the Rule 506 amendment works well: added disclosure obligations such as filing all Rule 506 sales documents with FINRA or the SEC may burden issuers inappropriately, while litigation based enforcement may not reach all offenders equally or appropriately.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2714974",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "The History of Hedge Fund Regulation in the United States",
  "datePublished": "2016",
  "url": "https://ssrn.com/abstract=2714974",
  "sha256": "7764601d3ed5bb056b58949e8411eff9dfb9855f143719062030c980c5fa801b",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Oesterle%20-%202016%20-%20The%20History%20of%20Hedge%20Fund%20Regulation%20in%20the%20United%20States.pdf"
 },
 "keywords": [
  "compliance",
  "disclosure"
 ],
 "about": [
  "sales-pressure",
  "finra",
  "enforcement",
  "private-placements",
  "disclosure"
 ],
 "abstract": "Litigation-based enforcement, on the other hand, may not encapsulate all offenders equally and/or appropriately.",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "applies to private placements where commissions exceed those on other investments"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/a1d2414d386836ab8aa65c8e162b019e4b6c34707f4664c1d39a34926fe6dd06.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": []
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "a1d2414d386836ab8aa65c8e162b019e4b6c34707f4664c1d39a34926fe6dd06",
 "canonicalForm": "https://wulfkaal.github.io/claims/2714974-022.md"
}