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Re: e-ore post# 34333

Thursday, 08/22/2019 6:29:31 PM

Thursday, August 22, 2019 6:29:31 PM

Post# of 74337
The manager of a hedge fund has to have at least passed the Series 7 examination and Costello isn't listed as a broker dealer with FINRA - plus the pdf document was for assets below $150 million.

"RIN 3235-AK81
Exemptions for Advisers to Venture Capital Funds, Private Fund Advisers With Less Than
$150 Million in Assets Under Management, and Foreign Private Advisers"

I advise anyone to contact the SEC Enforcement Division - Complex Financial Instruments Unit - and ask them if a hedge fund with over a Billion dollars in assets has to register with the SEC.

And ask if a limo driver with no securities trading etc can manage the fund with self regulation.

Costello doesn't meet the ?private adviser exemption.

IG

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