Tuesday, 24 May 2016
Last updated 8 min ago
Dec 8 2006 | 2:55pm ET
The Securities and Exchange Commission will consider a pair of hedge fund proposals at what is shaping up to be a marathon public meeting on December 13.
The commission was originally scheduled to discuss the proposals—an increase in the minimum assets required to invest in hedge funds, currently $1 million, and a new, tighter anti-fraud rule—at its meeting on Monday, but dropped the items from the agenda, saying more time was needed to clarify language in the proposals.
It’s shaping up to be a busy meeting, which Chairman Christopher Cox says will be “one of the longest commission open meetings in quite a while.” The SEC is also set to consider a controversial exemption of banks from broker requirements, deregistration of foreign companies, streamlining financial reports, internet proxy voting, and the much-debated mutual fund independent directors requirement.