Court Strikes Down SEC Ruling On Hedge Funds
June 23, 2006
Satellite Standard Group keeps you informed. This article that will be of interest to ALL investors.
Via MarketWatch.com
By Robert Schroeder
Last Update: 10:47 AM ET Jun 23, 2006
WASHINGTON (MarketWatch) -- A federal court struck down a Securities and Exchange Commission rule that requires hedge fund advisers to register with the agency as investment advisers. The U.S. Court of Appeals for the District of Columbia Circuit said the SEC rule is "arbitrary" since it exempts funds with one hundred or fewer investors from Investment Company Act regulations but compels registration for those with fifteen or more investors under another act. The suit was brought against the SEC in late 2004 by Pleasantville, NY-headquartered Opportunity Partners.
The link to this article is
HERE 6/23/2006 12:41:00 PM
SSG Has Merged. You Can Read All Of The Latest SSG Content By Clicking Here
0 Comments:
SSG is not a Financial Advisor. Read Disclosure: HERE
--------------------------------------------------------
