Replies to post #34333 on Marijuana Inc (MAJI)

[SooS416]

It is for the fund itself as the exemption requires certain investments and limits on certain types of investment

[I-Glow]

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