Monday, June 25, 2007

SEC Rifts Over Hedge Funds, Suits May Be Exposed in U.S. Congress Hearings

(Bloomberg) -- The U.S. Securities and Exchange
Commission's five members will testify together before Congress
for the first time in a decade, in a hearing that may expose
rifts over the agency's role in regulating financial markets.

House Financial Services Committee Chairman Barney Frank
called the hearing to examine such topics as securities lawsuits
and the right of shareholders to nominate corporate directors,
after investor advocates accused the SEC of favoring companies.


Read more at Bloomberg Bonds News

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