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The amendment would narrow the exemption used by big hedge funds "to avoid registering with the Securities and Exchange Commission," says the ranking Republican on the Finance Committee.
David M. Katz, CFO.com | US
March 8, 2007
It's about time that some one truly believes that these fake hedge funds s/b regulated. These rules are abit harsh, but some regulation is required. Too many small investors are being lured with the promise of big returns and the reality is big fees , breakeven or loss. Hedge funds are fine for the savy invester with bets to win or to lose. Hedge funds should not be available to those with less than $2 million in liquid funds. They cannot afford the risk that these marginal operators offer (the people with $10 million plus get the good ones!) Good Luck to the senator. JB
Posted by | March 08, 2007 08:09 pm
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