Tuesday, November 28, 2006

S.E.C. Sets Date to Consider New Hedge Fund Regulations

It’s a date. After indicating that it would seek tougher regulations for hedge funds, the Securities and Exchange Commission has scheduled a public meeting for Monday, Dec. 4, to consider two measures that would tighten rules governing these lightly regulated pools of capital.
One proposal to be considered would deal with the minimum net worth that an investor must possess to be allowed to invest in hedge funds. Earlier this month, S.E.C. chairman Christopher Cox said that it was necessary to further isolate hedge funds from small investors.
Another measure to be batted about next Monday would tighten up the anti-fraud statute dealing with hedge funds.

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