(Reuters) - The rule targeting fund advisors who make false or
misleading statements to investors and comes as Congress
scrutinizes the roughly $1.5 trillion hedge fund industry,
which often employs high-risk techniques to pull in tremendous
returns.
The SEC's adoption of the rule comes a year after a federal
court quashed the agency's first attempt to oversee the lightly
regulated industry by overturning a requirement that hedge fund
advisors register with the agency.
Read more at Reuters.com Government Filings News
misleading statements to investors and comes as Congress
scrutinizes the roughly $1.5 trillion hedge fund industry,
which often employs high-risk techniques to pull in tremendous
returns.
The SEC's adoption of the rule comes a year after a federal
court quashed the agency's first attempt to oversee the lightly
regulated industry by overturning a requirement that hedge fund
advisors register with the agency.
Read more at Reuters.com Government Filings News
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