Many expect the Securities and Exchange Commission will strengthen hedge fund rules today, Dow Jones reports.
Most notably, the SEC could vote to increase accredited and salary requirements of investors. Currently, they must have $1 million of investable assets, including the value of their home, and an annual salary of at least $200,000.
It’s possible the SEC may exclude a home’s value from that accredited requirement, while raising the minimum to $2 million, or perhaps even as high as $3 million.
In addition, the SEC might extend the antifraud obligations of fund advisors.