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Article: Registration likely: How far will hedge fund rules go? Don't underestimate the SEC in its pursuit of fraud cases, warns Paul Roye.(Securities and Exchange Commission)
- Article from:
- Pensions & Investments
- Article date:
- July 12, 2004
- Author:
CopyrightCOPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Christine Williamson
WASHINGTON - The hedge fund industry is certain the SEC will begin this week to tighten controls on hedge funds.
The question is how far the Securities and Exchange Commission's regulatory zeal will go and how long it will take to get there.
One faction of observers wonders how much time it will take Chairman William H. Donaldson to get proposed hedge fund regulation changes past other SEC commissioners, especially given widespread industry and market opposition.
Others predict fast action. "Before Labor Day, the hedge fund industry will have its marching orders. We'll know what the regulations are going ...