Saturday, 28 February 2015
Last updated 23 hours ago
Jan 28 2009 | 2:06am ET
The drumbeat for hedge fund registation is growing louder every day.
On Monday, it was Luis Aguilar, a commissioner on the Securities and Exchange Commission, adding his voice to the growing chorus. Speaking to the Investment Company Institute’s board of governors meeting, Aguilar implored Congress to give the regulator more powers to regulate hedge funds.
“I urge Congress to close the glaring loopholes in securities regulation,” Aguilar said. “Currently, the SEC is prohibited from exerting jurisdiction over particular financial instruments that seem to fall squarely within the agency’s mission.”
Aguilar, a Democratic commissioner on the five-member SEC, joins new Treasury Secretary Timothy Geithner and SEC Chairman-designate Mary Schapiro in calling for greater oversight of hedge funds.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…