Hedge funds in legislative cross hairs
A bill floated last month would require hedge fund advisers to register with the Securities and Exchange Commission.
A bill floated last month would require hedge fund advisers to register with the Securities and Exchange Commission. Introduced by Sen. Chuck Grassley, R-Iowa, S 1402 revives past congressional efforts to require such registration after a federal appeals court last year overturned an SEC regulation that would have required certain hedge funds to register with the agency. The bill was referred to the Senate Banking Committee. For details, http://thomas.loc.gov
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