January 28, 2007
Please do NOT raise the net worth requirements for investing in Hedge Funds. Such requirements are not appropriate, and unjust as well. There are many other ways of protecting investors besides limiting hedge fund investment opportunities to the rich.
I can think of no one who benefits from such rules other than certain parties who wish to stiffle competition
I feel that, in this instance, the SEC is being used for political purposes that disregard the interests of the American investing population