{"id":4371,"date":"2007-02-09T10:40:30","date_gmt":"2007-02-09T10:40:30","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/02\/securities_officials_in_massac"},"modified":"2022-03-28T13:21:36","modified_gmt":"2022-03-28T18:21:36","slug":"securities-officials-in-massac","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-officials-in-massac\/","title":{"rendered":"Securities Officials In Massachusetts File Charges Against Bulldog Investors And Principal, Phillip Goldstein"},"content":{"rendered":"

The Massachusetts Division of Securities has filed an administrative complaint against Bulldog Investors General Partnership and the company’s principal, Phillip Goldstein. Bulldog Investors and Goldstein, as well as other individuals and firms, are being charged with offering unregistered securities for the purpose of selling them in Massachusetts.<\/p>\n

The securities officials claim that the hedge funds allegedly failed to restrict prospective investors from accessing general advertising and offering content on their web site. The securities division says that while hedge fund offerings do not have to be registered with the Massachusetts Division of Securities, there are SEC guidelines for making private offerings online. This includes making sure that private offerings are password-protected so that only the potential investors that the issuer has assessed as sophisticated enough or properly accredited can view the materials. According to the complaint, Bulldog did not control access to the information, which “constitutes an unregistered, non-exempt public offering of securities in Massachusetts.”<\/p>\n

Goldstein allegedly told the division that anyone who agreed to view the offering content online had to agree that the information was not a solicitation. The complaint however, claims that , “A disclaimer such as the one on the Bulldog web site does not constitute an appropriate or adequate control over a publicly accessible Web site that displays advertising and\/or offering materials for securities.”<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Massachusetts Division of Securities has filed an administrative complaint against Bulldog Investors General Partnership and the company’s principal, Phillip Goldstein. Bulldog Investors and Goldstein, as well as other individuals and firms, are being charged with offering unregistered securities for the purpose of selling them in Massachusetts. The securities officials claim that the hedge funds […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3748],"tags":[],"class_list":["post-4371","post","type-post","status-publish","format-standard","hentry","category-hedge-funds"],"yoast_head":"\nSecurities Officials In Massachusetts File Charges Against Bulldog Investors And Principal, Phillip Goldstein — Investor Lawyers Blog — February 9, 2007<\/title>\n<meta name=\"description\" content=\"The Massachusetts Division of Securities has filed an administrative complaint against Bulldog Investors General Partnership and the company's principal, — February 9, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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