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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of