SEC weighs raising bar on private-equity pools; Might extend higher accreditation standard it currently is proposing for hedge funds.(News)

Investment News, March, 2007

Byline: Sara Hansard WASHINGTON - The Securities and Exchange Commission is considering whether to raise the financial bar for investing in private-investment pools other than hedge funds "We could raise the standards for every kind of offering that relies on Reg D,'' Douglas Scheidt, associate director and chief counsel of the division of investment management, said of Regulation D, which exempts certain investment vehicles from many of the regulatory requirements imposed upon standard public offerings.

Although Regulation D often is associated with hedge funds, it also is applied to investments in private-equity securities, such as pooled mortgages and other types of pooled consumer debt. "We could identify every security or type of...

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