Comments on: Compliance, Hedge Funds and Web 2.0 http://complianceavenue.com/2009/08/19/compliance-hedge-funds-and-web-2-0/ The place to talk IA compliance Mon, 16 May 2011 12:52:42 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Doug Cornelius http://complianceavenue.com/2009/08/19/compliance-hedge-funds-and-web-2-0/comment-page-1/#comment-3 Doug Cornelius Thu, 20 Aug 2009 14:28:51 +0000 http://complianceavenue.com/?p=109#comment-3 I am glad you liked that article. It's clear that the SEC and FINRA have not caught up with the world of Web 2.0 from a regulatory standpoint. One big problem is that Web 2.0 features will change faster than the regulations. The effect-based rules like FINRA work well, although are perhaps too strict. The SEC rules for investment advisers, as well as for private funds and public companies, are way behind the time and are not helpful to the consumer nor the company. I am glad you liked that article.

It’s clear that the SEC and FINRA have not caught up with the world of Web 2.0 from a regulatory standpoint.

One big problem is that Web 2.0 features will change faster than the regulations.

The effect-based rules like FINRA work well, although are perhaps too strict.

The SEC rules for investment advisers, as well as for private funds and public companies, are way behind the time and are not helpful to the consumer nor the company.

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