Regulators mull new hedge fund rules
Securities regulators have floated two proposals they say are aimed at better protecting hedge fund investors.
Securities regulators have floated two proposals they say are aimed at better protecting hedge fund investors. The rules would raise the minimum net worth an investor must have to invest in a hedge fund to $2.5 million from $1 million and also would make it illegal for hedge fund advisers to defraud, deceive or mislead investors, regardless of whether they are registered under the Advisers Act. Comments were due in March. For information go to www.sec.gov/rules/proposed/2006/33-8766.pdf
Learn more about reprints and licensing for this article.