SEC Registration: Waaaait a Second…
| Feb 1st, 2007 | Filed under: Hedge Fund Regulation | By: Alpha Male |
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“Investors Protest SEC Hedge Fund Threshold”
By: Neal Lipschutz, Dow Jones Newswires
Published: February 1, 2007
Looks like John Mauldin’s call to arms against the new SEC hedge fund rule is working. Individual investors are livid since, in many cases, they will no longer be allowed to invest in their favorite hedge funds. But are we all playing right into the SEC’s hands?
Neal Lipschutz of Dow Jones reports:
“It is early days in the public comment period, which runs until March 9, and the number of responses and their overall tenor may well change. But it’s clear the SEC hit a nerve.
“‘It does not make sense to raise the minimum assets for investors in hedge funds and thereby [eliminate] more middle-class Americans from potential opportunities,’” another e-mail to the SEC reads in part. ‘Our society is already stacked unfairly in favor of the rich and wealthy.’
“‘A third correspondent said his job requires him to put together business deals worth tens of millions of dollars, ‘and yet, my government is regulating my ability to invest in hedge funds–why?’”
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