WEST PALM BEACH, FL (HEDGECO.NET) – The U.S. Securities and Exchange Commission confirmed that it has scheduled its final vote on October 26 for the hedge fund regulation proposals. The proposalwould require US based hedge funds managing over $26 million to register their operations with the SEC. The proposal has stirred much controversy as majority of the hedge fund industry participantshave raised their objections to such regulation.

Opponents of the regulation proposal have objected to this agenda on the ground that such regulation �would be too intrusive and is unneeded.� Market watchers think the matter will be passed on a 3-2 vote, with Harvey Goldschmid and Roel Campos joining Donaldson in favor of the proposal, while Commissioners Cynthia Glassman and Paul Atkins remain opposed.

Donaldson has fought hard and is pushing for the initiative, which he has made the corner stone of his administration at the SEC. Donaldson�s future as the SEC chairman after Nov 2nd US presidential election remains unclear, in light of the possibility that a new administration may come to power. If the hedge fund proposal passes, such law may likely be held back from implementation in light of possible law suits which may be filed against it.

Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net

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