Hedge-fund advisors are withdrawing from registration with the
Federal regulators are taking small steps to oversee the lightly regulated investment vehicles. Wednesday the SEC proposed raising to $2.5 million the amount in financial investments an individual must have before investing in hedge funds. Additionally, the SEC proposed barring hedge-fund advisors from defrauding investors as the agency seeks to regain powers called into question by the appeals court’s decision.
Of the hedge fund managers who registered with the SEC in anticipation of the rule, 1,067 remain registered and haven’t filed to withdraw.
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