3C7 definition explanation

What is 3C7?
A portion of the Investment Company Act of 1940 that permits the exclusion of investment companies from standard registration requirements with the Securities and Exchange Commission (SEC) if all U.S. investors are considered to be “”qualified purchasers”" or “”accredited investors.”" Read more for examples and further explanation including related video clips and also comments

Example explains 3C7
This particular section is one of the policies used frequently by hedge fund companies to avoid certain SEC requirements.

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