Hedge Funds On Agenda At Marathon SEC Meeting

Dec 8 2006 | 3:55pm 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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of