Proposed Rule
Prohibition of Fraud by Advisers to Certain Pooled Investment Vehicles; Accredited Investors in Certain Private Investment Vehicles
Overview
The Commission is today proposing new rules designed to provide additional investor protections that would affect pooled investment vehicles, including hedge funds. First, the Commission is proposing a rule that would prohibit advisers to pooled investment vehicles from making false or misleading statements or otherwise defrauding investors or prospective investors in those pooled investment vehicles. Second, the Commission is proposing two rules that would revise the definition of accredited investor as it relates to natural persons. The latter rules would apply solely to the offer and sale of interests in certain privately offered investment pools specified in the rules.
Resources
Details
Public Comments Due
March 9, 2007
File Number
S7-25-06
Rule Type
Proposed
Release Number
33-8766
IA-2576
SEC Issue Date
Dec. 27, 2006
Federal Register Publish Date
Jan. 4, 2007
Document Citation
72 FR 399
RIN
3235-AJ67
Public Comments