New hedge fund rules proposed
Securities regulators are floating two proposals aimed at better protecting hedge fund investors.
Securities regulators are floating two proposals 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 March 9. For information go to http://sec.gov/rules/proposed/2006/33-8766.pdf
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