The impact of the 2004 research analyst rules on hedge fund research reports

Abstract

Purpose

Hedge fund marketers frequently distribute written commentary for investors to use in research. Since, these reports are subject to new regulations of the SEC (March 2004), changes need to be made by the hedge fund marketers. This study seeks to examine this issue.

Design/methodology/approach

Details the rule changes introduced by the SEC regarding research reports.

Findings

Concludes that significant changes have to be made by the marketers in question in order to bring their operations into compliance with the new regulations.

Originality/value

Hedge fund marketers who are focused on adviser registration and the hiring of compliance officers are unlikely to have considered this important new area of regulation.

Citation

Black, K.H. and Mauldin, J. (2006), "The impact of the 2004 research analyst rules on hedge fund research reports", Journal of Financial Regulation and Compliance, Vol. 14 No. 2, pp. 185-191. https://doi.org/10.1108/13581980610659495