SEC to oversee US hedge funds

WASHINGTON, DC -- Despite objection from most US hedge funds, the Securities and Exchange Commission (SEC) has adopted a rule that requires them to register with it. This brings hedge funds under SEC oversight.

Of the 161 commentators on the rule proposal of July 2004, 83 opposed the requirement for hedge funds to register with the SEC. Only 36 supported it, while 42 did not take a side.

But in its decision reached at the beginning of December, the SEC determined that given the growth of hedge funds, the broadening exposure of investors to hedge fund risk, and the growing instances of fraud by hedge fund advisers, the regulatory programme for hedge fund advisers was inadequate.

"We do not have an

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here