Financial Services Industry
Industry: Email Alert RSS Feed200 have filed comments on SEC hedge fund plan; Many investors weigh in against a higher threshold.(News)
Investment News, February, 2007
Byline: Sara Hansard WASHINGTON - The SEC's efforts to protect hedge fund investors have stirred up free- market enthusiasts, who are making it clear they don't want the government limiting their investment options. With about 200 comments already filed on an SEC proposal, issued in December, to raise the wealth threshold for hedge fund investors, almost all the comments are in opposition, and many of them are from private investors.
The comment period on the proposal ends March 9. This isn't the first time that the SEC has received a large number of comments from individual investors. When the commission proposed new rules for mutual fund governance, it received thousands of comments, according to Douglas Scheidt, chief counsel of the division...
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