Summary
Securities and Exchange Commission Chairman William H. Donaldson, in a March speech, said the sec staff is "preparing a proposed rule...to register hedge fund managers as investment advisors." The speech came on the heels of public statements opposing registration by sec Commissioners Cynthia Classman and Paul Atkins. Both commissioners questioned the need of such regulation and cautioned it could dilute regulatory resources to protect retail investors.
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Extract
Sec Preparing to Register Hedge Funds
The Securities and Exchange Commission took a step closer to requiring hedge fund managers to regist...
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