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State regulator urges SEC to tighten hedge funds' verification of investor affluence

By Elizabeth Bunn ( November 12, 2013, 22:29 GMT | Insight) -- The US Securities and Exchange Commission should tighten requirements for hedge and private-equity funds to verify an investor’s affluence, Massachusetts’s top securities regulator said, rebutting industry groups.The US Securities and Exchange Commission should tighten requirements for hedge and private-equity funds to verify an investor’s affluence, Massachusetts’s top securities regulator said, rebutting industry groups....

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