SEC Commissioner Calls For Hedge Fund Registration Requirement

Feb 4 2009 | 12:12pm ET

Another member of the Securities and Exchange Commission has come out in favor of requiring hedge funds to register with the agency.

“I generally do support that notion,” Elisse Walter told Reuters. “But the devil is in the details. Registration has to be meaningful.”

Walter’s comments mean all three Democratic commissioners on the SEC have come out in favor of stronger regulation of hedge fund. New SEC Chairman Mary Schapiro favors a hedge fund registration requirement, while fellow commissioner Luis Aguilar has called on Congress to give the regulator more power over hedge funds.

And Congress seems poised to do just that: Legislation empowering the SEC to compel hedge funds to register and improve transparency in the industry has been introduced in both houses of Congress.

 Related Article:

Most Hedge Funds Already Registered With SEC


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...