Friday, 26 December 2014
Last updated 1 day ago
May 11 2009 | 7:19am ET
The head of the U.S. House Financial Services Committee has reiterated that it is only a matter of time before hedge funds are forced to register with the Securities and Exchange Commission.
Rep. Barney Frank (D-Mass.), the chairman of the powerful panel, told the Financial Industry Regulatory Authority that he expects Congress to give the SEC that power shortly. His comments echo ones he made to a financial regulation summit in Washington late last month.
“I do believe soon we will give the SEC authority over hedge funds, forcing them to register,” he said Friday.
The SEC had imposed a registration requirement on hedge funds in 2005, but it was struck down by the courts. At the time, hedge fund managers howled at the move; now, the Managed Funds Association, the largest hedge fund lobby in the U.S., says it will support registration.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.