SEC Chair Mary Jo White Speaks Highly of the JOBS Act and Discusses Its Benefits to the Hedge Fund Industry

SEC Chair Mary Jo White spoke at the Managed Funds Association ("MFA") Outlook 2013 conference, addressing some of the recent changes that have been brought about by the JOBS Act and hedge fund registration.

In her remarks, she cited the following as JOBS Act benefits in the industry:

• Enabling managers to communicate with the public and talk about their businesses is an important step in improving transparency and providing substantial benefit to investors, regulators and the public.
• Managers can provide accurate information to media or a third party.
• Investors can benefit from increased communication and information about a fund manager.
• Regulators gain additional resources to monitor industry trends, understand hedge fund activity and conduct oversight.

Chair White also discussed the benefits of increased industry transparency brought on as a result of hedge fund registration, stating that it will enable the industry to "shed the secretive, shadowy reputation," among other benefits, but also that it carries new obligations and responsibilities.

See: Video of Chair White's Discussion on JOBS Act; Video of Chair White's Discussion on Hedge Fund Transparency and Registration. See also: MFA YouTube channel to view additional videos.Related news:SEC Chair White Delivers Speech on Hedge Fund Transparency (October 10, 2013).