SEC To Redefine ‘Accredited’ Investor

Nov 10 2006 | 12:42pm ET

The Securities and Exchange Commission is ready to give hedge fund regulation another go.

Chairman Christopher Cox told Bloomberg News that the agency will propose a new hedge fund anti-fraud rule at its Dec. 13 public meeting. The proposal, Cox said, would make it harder to invest in hedge funds.

“We’re going to make it very clear that hedge funds are risky investments that are not for mom and pop by fencing it off with higher standards to accrediting investors,” he said. Cox is reportedly in favor of doubling the minimum asset requirement for hedge fund investors to $2 million.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...