Hedge Funds, Congress and Madoff
The Madoff scandal, which caught the SEC and savy institutional investors flat-footed, is increasing the pressure for more oversight and regulation within investment management and hedge fund industries. It is expected that Congress will be busy with this and other matters regarding regulation of the capital markets. In fact, Senator Chuck Grassley from Iowa recently [...]
New Hedge Fund Regulation: Guidance From Former SEC Commissioner Should be Followed
In the conversations the hedge fund community will be having with Congress and the regulators in the coming months regarding increased regulation, we should look to shared answers to the issues which need to be addressed. In this vein, I have been researching the speeches of prominent SEC personel. I have just recently reviewed a [...]
Future Hedge Fund Regulation - An Open Letter on Collaboration
As we all know, the investment management and hedge fund industries will be undergoing a sea change as Congress and the SEC and other government agencies respond to many events which have completely affected and disjointed our capital markets and economy. I believe that it is up to the hedge fund community to show leadership [...]
NFA Proposes that all CPO and CTA Disclosure Documents be Filed Online
CFTC Responds by Proposing Changes to CFTC Regulations Regarding Disclosure Documents
The CFTC recently proposed a change to its regulations based on a request from the NFA. The proposed regulations would require CPO and CTA disclosure documents to be submitted only online to the NFA for approval. The CFTC is requesting comments on this proposal which [...]
Paulson to Hedge Funds: Time for Hedge Fund Registration
Treasury Secretary Paulson spoke today about new financial market regulations. In his remarks he mentioned that there should be some new hedge fund regulations which allow oversight by a market regulator. I have posted an excerpt containing the comment as well as the whole speech.
New Regulation: MOU on CDS Markets
In working toward greater oversight and regulation of the capital markets (which, in this case, many people in the hedge fund industry agree with), the SEC and CFTC signed a memorandum of understanding with the Federal Reserve Board on the CDS markets. Below is a release from the SEC and from the Treasury.
New Hedge Fund Regulation - Grassley Renews Efforts to Register Hedge Funds
The race has begun. Members of the Congress and the Senate will be jockeying for position in the new race toward hedge fund regulation. Senator Grassley announced today that he will be reintroducing a bill to require hedge fund managers to register as investment advisors with the SEC. The text of the full release can [...]
New Hedge Fund Regulations – Earlier Comments by Commissioner Atkins
As I was reading the book “Fooling some of the People all of the Time” by hedge fund manager David Einhorn, I read a passage discussing a prior speach by SEC Commissioner Atkins. The passage was:
We need to stop scaring ourselves and others with rhetoric about hedge funds. Rather than talking about how hedge funds [...]
SEC Chairman Cox Asks Congress for More Financial Regulation
Discussion of the new world of U.S. financial regulation that will be developing over the coming months continued last Thursday as the Congressional Committee on Oversight and Government Reform received testimony on oversight of the financial markets from the SEC Chairman Christopher Cox, among others. Chairman Cox’s testimony can be characterized as advocating a stronger [...]
More on Congress Talking to Hedge Funds
Yesterday we wrote about the House Financial Services Committee requesting a hearing with certain hedge fund managers (see Barney Frank to Hedge Funds: See You on November 12). Other news organizations also picked up on this story. Below is a story from the website ohmygov.com, the original article can be found here.
BREAKING NEWS: Congress talking [...]