Hedge fund regulation fears


The International Organisation of Securities Commissions, based in Madrid, released a report in March on how funds are regulated around the world. The study concludes that none of the regulators who responded had adopted a formal, legal definition of the term 'hedge fund'. While most jurisdictions reported some kind of regulatory regime for hedge funds – such as registration – the strength and scope of those regimes varied considerably.

When it comes to fraud related to hedge funds, the study

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