Assertion: venture capitalist's fund | /r/CapableOf | concern its securities offerings
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text: As an example of the changing law in this area, on Aug. 18, 2016, the SEC approved FINRA’s Capital Acquisition Broker (CAB) rules, which state that a private fund manager that is solely engaged to advise a private fund concerning its securities offerings or other capital raising activities must now register as a CAB, which is akin to a limited broker-dealer registration.
text: If a venture capital adviser intends to play a role that will solely be to advise a fund concerning its securities offerings or other capital raising activities, (and will not provide other managerial or advisory services), the adviser may still need to register as a CAB.