Wednesday, 1 April 2015
Last updated 2 hours ago
Jun 17 2009 | 3:55am ET
One of the senior Democrats on the Senate Banking Committee has introduced legislation that would require hedge funds and other alternative investment firms to register with the Securities and Exchange Commission.
Sen. Jack Reed (D-R.I.), who heads the Subcommittee on Securities, Insurance and Investment, offered the legislation a day before President Barack Obama unveils his wide-ranging reform of the U.S. financial regulatory system. The president’s plan includes registration, among other regulation of the hedge fund industry; the House of Representatives is also considering a registration bill.
“This bill provides the SEC with long-overdue authority to examine and collect data from this key industry,” Reed said. “It also authorizes the SEC to share this data with other federal agencies in order to create a systemwide approach to identifying and mitigating risks.”
Reed’s bill covers hedge fund, private equity, venture capital and other investment pool managers to invest with the SEC. Under his proposal, only firms managing more than $30 million would have to register on the federal level; smaller funds would be regulated on the state level.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…