Tuesday, May 5, 2009

SEC Chairman Wants Extended Powers

As reported by Bloomberg.com, SEC Chairman Mary L. Schapiro believes that the current regulatory proposals that would introduce hedge fund registration and disclosure requirements are "probably not enough". She suggested that broader powers should be given to the SEC to impose restrictions on the type of investments hedge funds can pursue and the amount of leverage they employ, while also requiring public disclosure of short positions held by them.

Read More...