SEC under fire for hedge fund decision


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 will

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

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 individual account here