The Odyssey of Private Fund Advertising: From Great Expectations to Much Ado About Nothing
Chicago partner David Matteson and associate Andrew Raby wrote an article for The Hedge Fund Law Report, titled, “The Odyssey of Private Fund Advertising: From Great Expectations to Much Ado About Nothing.”
In the article, David and Andrew discuss the recent lift of the ban against private fund advertising. The SEC issued final rules under the JOBS Act that lifted the ban on general solicitations in Reg D offerings. Specifically, the JOBS Act Rules created and new Rule 506(c) of Reg D that lifts the advertising ban for issuers willing to comply with its terms.
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