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