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CORRECTION AND UPDATE

We misidentified author Kimberly Clouse's picture in the August issue. But Clouse got it right when she reported in “Registering With the SEC,” p. 38, that the Securities and Exchange Commission likely would not appeal a decision by the U.S. Court of Appeals for the D.C. Circuit in Goldstein v. SEC, No. 04-1434 (June 23, 2006) that knocked down a ruling that required hedge fund managers with at least 15 clients to register with the SEC. Soon after her article appeared, the SEC did in fact decline to challenge Goldstein.


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