SEC to Raise Threshold for Hedge Fund and Private Equity Fund Investments

The SEC is required under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), by July 21, 2011, and every five years thereafter, to adjust for inflation these dollar amount thresholds. Accordingly, the SEC today announced that it intends to issue an order to revise the dollar amount tests to $1 million for assets under management and $2 million for net worth.