peHUB First Read

* Ben Horowitz explains Ron Conway

* Martha White: How the iPad could revolutionize healthcare

* The placement agent issue gets political in Massachusetts. Meanwhile, California’s proposed placement agent ban takes a baby step forward.

* Morning Call: U.S. futures point lower, London falls early, European shares drop, the Nikkei sheds 1.1% and Hong Kong shares slip.

* Do behavioral funds work?

* The SEC details its new asset-backed securities regulations.

* Cleveland Fed: Is it time for an overhaul of the Community Reinvestment Act?

* One of the best posts I’ve read so far on the value of certain startups remaining in stealth mode.

* My Life on the Reg D List: Kathleen Griffith named the SEC’s first chief compliance officer.

* Maveron’s Amy Errett on consolidation in the social networking space:

Bebo, Foursquare stories mean social net M&A from TheDeal TV on Vimeo.