Westfair Online – When President Obama signed the JOBS (Jumpstart Our Business Startups) Act on April 5, freeing hedge funds to do more marketing and advertising may not have been what he had in mind.
And when Congress was creating the legislation, they were not thinking of hedge fund managers, but tech startup companies in Silicon Valley “who rely on the same exemptions from registering securities as hedge funds do,” said attorney Bart Mallon, a co-founder of Cole-Frieman Mallon & Hunt in San Francisco.
