Hiking hedge fund investor qualifications probably won’t help anyone, according to Dow Jones Columnist Thomas Kostigen.That’s because even with the present requirements—that investors have at least $1 million in assets, or income s over $200,000 annually—the Securities and Exchange Commission never really checks to see whether investors are really worth what they say.

“In my 20 years of practice, I’ve never seen the SEC go back and look at investor qualifications,” said Ted Cohen, a securities lawyer at Spolin Silverman & Cohen in Santa Monica, Calif.

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