SEC brings in hedge funds registration
Thursday 23 June 2011 - by Nicola York
US hedge fund advisers that previously operated "under the radar" will now have to register with the Securities and Exchange Commission after new rules were brought in on Wednesday.
Schapiro said: "In particular, our proposal will give the Commission, and the public, insight into hedge fund and other private fund managers who previously conducted their work under the radar and outside the vision of regulators."
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