|  | | 2009 News and Press Releases | | |
HEADLINE NEWS:
U.S. House Panel Votes To Regulate Hedge Funds
Staff Writer
Associated Press. October 28, 2009
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EXCERPT: The U.S. House Financial Services Committee has voted to regulate for the first time hedge funds and other large pools of capital. The bill, which received broad bipartisan support in a 67-1 vote [...] The bill would require that large private investors register with the Securities and Exchange Commission. Under the proposal, investment advisers would have to maintain records and potentially provide those records to the SEC for review.
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