The Securities and Exchange Commission Division of Investment Management late Thursday issued a seven-page response to queries from the American Bar Association regarding the U.S. Court of Appeals decision to overturn hedge fund registration rules.

The July 31 letter, sent by Subcommittee on Private Investment Entities Chairman Paul N. Roth and Vice Chairman Jeffrey  E. Tabak,  sought guidance to hedge fund advisors that were unsure how to react to the rule for fear of breaching SEC rules.

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