GRN Holding Corp (GRNF)

[I-Glow]

Hedge funds with regulatory assets under management in excess of $100 million are required to register with the U.S. Securities and Exchange Commission (SEC). That's odd GRN Funds isn't registered with the SEC or in Washington.

When am I exempted from SEC Registration?

 Advisers that would otherwise be required to register with the SEC may qualify under the following new exemptions. The following outline certain new exemptions.

(1) Private Fund Adviser and RAUM below $150 million

This exemption applies to any adviser with its principal office and place of business in the U.S. that solely advises:

(i)       “ qualifying private funds”; an

(ii)      the total RAUM attributable to those funds is less than $150 millio

"regulatory assets under management (“RAUM”)."

And Costello or GRN Funds isn't registered with the Washington State Department of Financial Institutions.

The U.S.'s Dodd-Frank Wall Street Reform Act was passed in July 2010[7][94] and requires SEC registration of advisers who manage private funds with more than US$150 million in assets.

Costello doesn't manage a Billion dollar hedge fund - shareholders have been played.

IG