U.S. Sec Passes Hedge Fund Reporting, Accredited Investor Proposals

Summary

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WASHINGTON (Reuters) - The Securities and Exchange Commission on Tuesday [Jan. 25] unanimously proposed that advisers to hedge funds and other private funds report key information to regulators.

The proposal, also required by the Dodd-Frank law, would arm the newly formed Financial Stability Oversight Council with better information about hedge funds and other private pools of capital to ensure their trading activities do not pose a risk to the broader marketplace.

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U.S. Sec Passes Hedge Fund Reporting, Accredited Investor Proposals

SEC Chairman Mary Schapiro said the most stringent reporting requirements under the rule will apply to about 200 U.S.-bas...

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