SEC Commissioner Calls For Hedge Fund Regulation

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.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...