SEC under fire for hedge fund decision

NEWS ANALYSIS | NEWS | INDUSTRY REACTS TO SEC HEDGE FUNDS 'REGULATION' RULE

LONDON -- The US Chamber of Commerce (USCOC) is considering a legal challenge on the SEC's decision to require hedge funds with more than $25m or 15 US onshore investors to register under the Investment Advisors Act of 1940.

The new rule, passed by a majority of three to two on October 26 and set to take effect on February 1 2006, requires advisers to provide information such as name, address and capital under management, and evidence of adequate compliance systems and procedures. The SEC wil

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: