|  | | 2006 News and Press Releases | | |
HEADLINE NEWS:
SEC To Consider Hedge Fund, Short-Selling Rules
Staff Writer - Marketwatch
Securities Mosaic. November 28, 2006
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Securities regulators are slated to meet early next week to consider rules about hedge funds and short-selling. At a public meeting, the Securities and Exchange Commission will consider whether to propose a new rule that would revise the criteria for individuals to be considered "accredited investors" for investing in hedge funds. At the same time, the agency's five commissioners will decide on proposing a new rule that would prohibit advisers from making false or misleading statements to investors in pooled investment vehicles they manage, including hedge funds. Commissioners also will consider proposing amendments to the short-sale price test and the "short exempt" marking requirement. Additionally, the SEC will vote on approving the budget of the Public Company Accounting Oversight Board and will consider the annual accounting-support fees under the Sarbanes-Oxley Act. The agency will vote as well on whether to propose amendments to a rule that would protect companies from manipulation that can reduce their proceeds from stock offerings. The SEC meeting is scheduled to begin at 10 a.m. Eastern on Monday. |
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