Tuesday, 27 January 2015
Last updated 10 hours 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…