Goldstein Plans 'Rational Regulation' Group

Apr 22 2008 | 9:33am ET

The indomitable Philip Goldstein plans to institutionalize his opposition to hedge fund regulation with a chamber of commerce for the industry.

Speaking at a San Francisco conference on marketing and advertising rules for hedge funds—restrictions that he is seeking to have tossed á la the Securities and Exchange Commission’s hedge fund registration requirement, which Goldstein sought successfully to have overturned two years ago—Goldstein said he hopes to set up a non-profit organization to lobby for “rational regulation.”

“Who could be against rational regulations?” he asked. “I’d like people to be able to contact me anonymously to have their voices heard.”

“A lot of these rules out there don’t make any sense, and I’d like to see an organization that’s willing to litigate on behalf of the industry on some of these issues because a lot of people are intimidated by the regulators,” the Bulldog Investors principal said.

Goldstein hasn’t set a timeline for the new group, tentatively dubbed the Rational Regulatory Policy Institute, Investment News reports.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...