# Prohibition of Fraud by Advisers to Certain Pooled Investment Vehicles
> **US Securities and Exchange Commission** · Final rule. · Published 2007-08-09 · Effective 2007-09-10 · 72 FR 44756
## Document
- **Document number:** E7-15531
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 72 FR 44756
- **CFR reference:** 17 CFR 275
- **Publication date:** 2007-08-09
- **Effective date:** 2007-09-10
- **Docket:** Release No. IA-2628
## Abstract

The Securities and Exchange Commission is adopting a new rule that prohibits advisers to pooled investment vehicles from making false or misleading statements to, or otherwise defrauding, investors or prospective investors in those pooled vehicles. This rule is designed to clarify, in light of a recent court opinion, the Commission's ability to bring enforcement actions under the Investment Advisers Act of 1940 against investment advisers who defraud investors or prospective investors in a hedge fund or other pooled investment vehicle.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2007/08/09/E7-15531/prohibition-of-fraud-by-advisers-to-certain-pooled-investment-vehicles)
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