May 16, 2007
Grassley Will Introduce Legislation on Hedge Fund Advisers
Senator Charles Grassley plans to introduce a bill giving the SEC the authority to require hedge fund advisers to register with the agency, saying that the SEC needs more information about funds' activities to protect the markets from trading abuses. The D.C. Circuit invalidated a SEC rule requiring registration last year because it exceeded the agency's authority. See NYTimes, Hedge Fund Proposal.
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