SEC seeks more input on hedge-fund minimums

Securities regulators are seeking additional input on their controversial proposal to change the minimum net-worth requirements of hedge fund investors.
OCT 02, 2007
Securities regulators are seeking additional input on their controversial proposal to change the minimum net-worth requirements of hedge fund investors. Last December, the agency proposed creating a new category of accredited investor called “accredited natural person.” Such an investor would need to meet certain net worth and income tests and own at least $2.5 million in investments. The current request for comments is coupled with the SEC’s proposal to revise Regulation D, a series of rules that apply to private-placement investments. For fuller details and information on submitting comment by Oct. 9, visit the SEC site.

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