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Hedge Fund Regulatory Update: Industry Trends and the Impact of Financial Reforms  


Author:  Steven Goldberg.


Source: Volume 23, Number 06, July/August 2010 , pp.49-52(4)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

Hedge funds are increasingly seen as “exotic instruments,” and legislators, regulators, and investors are placing these funds under increased scrutiny. Even as we wait for the final financial reform regulation to be passed by the U.S. Congress, regulators have already taken action—both developing new rules and conducting more aggressive examinations and enforcement actions. Both the U.S. Senate and House of Representative bills that passed (and will be reconciled in conference)contain a requirement for large hedge funds to register with the SEC and be subject to oversight under the Investment Advisers Act of 1940. This article discusses the pending changes, and their impact on hedge fund operations.

Keywords: financial reform; S. 3217; H.R. 4173; hedge fund registration; due diligence; SEC compliance

Affiliations:  1: Grant Thornton LLP.

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