Financial Times – It’s just not the kind of the thing you hear every day. Individual investors are protesting against the SEC’s proposal to raise the investment threshold for anyone who wants to invest in hedge funds in the United States, reports Neal Lipschutz of DowJones.
In December, the SEC proposed limiting participation in hedge funds to people with at least $2.5m in financial investments, up from the current minimum of $1m in net worth, a figure that includes the value of a home. But people have reacted angrily to the proposal, accusing the agency of “sins ranging from paternalism to outright discrimination against the less-than-fabulously wealthy,†the report said.
