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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (2315)	3/8/2007 9:25:02 PM
From: ravenseye	Respond to of 5034

Conn. Moves Closer To Hedge Fund Regulation March 8, 2007 While the leaders of the hedge fund industry heard only sweet nothings from Connecticut regulators and elected officials at the World Hedge Fund Conference in Greenwich, up the road in Hartford, it was a different story. The Connecticut General Assembly’s banks committee on Tuesday proposed legislation that Senate Minority Leader Pro Tempore John McKinney warns could drive hedge funds out of the state. McKinney, who represents Fairfield County, home to Greenwich and most of the rest of the state’s hedge fund industry, says the proposed legislation, which passed the committee by a vote of 13 to five, would be the most restrictive in the country.... finalternatives.com ...The bill, SB01171, would raise the requirements for investing in hedge funds to $2.5 million in investment assets for individual investors—a move also being considered by the Securities and Exchange Commission—and $5 million for institutional investors. In addition, it would require disclosure of potential conflicts of interest, changes in investment strategy, the existence of side letters and any major litigation facing the fund to investors. Also, funds would be required to annually disclose to investors a fund’s fee structure, including brokerage and trading fees, and an audited financial statement of the investor’s capital balance....