Barron’s Quotes Kelli Moll on Hedge Funds and the JOBS Act
Kelli Moll, partner in Akin Gump’s investment management practice, is quoted in Barron’s discussing the JOBS Act and new rules that now permit hedge funds to market themselves.
As part of the Jumpstart Our Business Startups Act, the SEC was tasked with defining the parameters under which hedge fund managers can share information with the public, but Moll observes there were “mixed reviews and reactions to the SEC proposal,” which essentially left decisions in the hands of those managers. She adds that some “are happy with the flexibility, [while] others wanted more of a safe harbor.”
The chairman of the SEC says implementation of the JOBS Act is one of the commission’s top priorities for 2013.