The Securities and Exchange Commission will propose two new hedge fund rules: one will make it harder to invest in hedge funds and another is a hedge-fund anti-fraud rule, says Christopher Cox, the SEC chairman.
“We’re going to make it very clear that hedge funds are risky investments that are not for mom and pop by fencing it off with higher standards to accrediting investors,” says Cox to Bloomberg.
The rules will be proposed in a meeting in Washington 13 December.