SEC Will Not Appeal Against Court Defeat On Compulsory Registration For Hedge Fnds

Securities and Exchange Commission (SEC) Chairman Christopher Cox said the agency will not challenge an appellate court decision throwing out its hedge fund registration rule. The Associated Press reports that Cox said in a statement, "further appeal would be futile

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Securities and Exchange Commission (SEC) Chairman Christopher Cox said the agency will not challenge an appellate court decision throwing out its hedge fund registration rule. The Associated Press reports that Cox said in a statement, “further appeal would be futile and would simply delay and distract from our goal of advancing investor protection.” Cox said SEC staff members are also considering the increase of the minimum asset and income requirements for hedge fund investors.

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