# kaal:claim:2732915-021

**Claim.** Among respondents answering the open ended question on other actions taken, 30.8 percent hired a compliance firm, 15.4 percent said they otherwise wasted time and money reacting to Dodd-Frank requirements, and 15.4 percent implemented new policies and programs.

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

**Holds when.**

- open ended survey question 3b, coded into response clusters

**Source quote.**

> 30.8% of respondents who answered this question hired a compliance firm, 15.4% suggested they otherwise wasted time and money in reacting to Dodd-Frank requirements, and 15.4 % suggested they implemented new policies and programs in response to the Dodd-Frank Act.

**From.** Wulf A. Kaal, *The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study* (2016), IV. Results, 1. Adviser Response to Dodd-Frank, page 21

**Cite as.** Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016). SSRN: https://ssrn.com/abstract=2732915

**Verify.** sha256 of source PDF `643658c02f6625bca35595696116d0ad74d681ed8579c644832ae4a88b2a8c14` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20The%20Private%20Fund%20Industry%20Five%20Years%20after%20the%20Dodd-Frank%20Act%20%E2%80%93%20A%20Survey%20Study.pdf

**Topics.** compliance, empirical-evidence, open-source-and-code

**Keywords.** compliance-firms, survey-results, wasted-resources, open-ended-coding

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