July 18, 2003 |
The Securities and Exchange Commission is studying a plan requiring hedge funds to register with it and submit to regulation, sources close to the SEC said Thursday. As it moves toward reining in the loosely regulated investment pools popular with financial institutions and the wealthy, the SEC also is edging toward ordering hedge funds to begin satisfying basic disclosure standards, the sources said. The commission has been investigating the $600-billion hedge fund industry for months.
November 9, 2006 |
Federal regulators Wednesday filed civil fraud charges against Edward Ehee, the head of three San Francisco-based hedge funds, accusing him of funneling millions of dollars from investors nationwide into his own mortgage payments, vacations and bank accounts.
July 15, 2004 |
A deeply divided Securities and Exchange Commission on Wednesday proposed stronger oversight of hedge funds, a fast-growing, $850-billion industry that regulators say poses unknown risks to investors and the economy. Under the proposal, most hedge funds -- investment pools that embrace sophisticated and potentially risky strategies -- would have to register with the SEC, opening the door to greater scrutiny of their activities.
May 23, 2003 |
The Securities and Exchange Commission will consider making "properly vetted" hedge funds open to retail investors, a step that may require government inspections of the funds, SEC Chairman William Donaldson said Thursday. Donaldson said SEC inspections of hedge funds may satisfy concerns that these private investment pools for the well-to-do are too risky for lower-income individuals.
August 14, 2003 |
The assets of hedge funds increased $47 billion in the second quarter, boosted by higher returns from emerging markets and so-called long-biased equity funds, consultant and asset manager HFR Group said Wednesday. The assets rose to almost $665 billion and the number of funds climbed to 5,660, Chicago-based HFR said. This year, 281 new funds have been started.
August 1, 2007 |
With stock markets jittery over troubled home loans, senators Tuesday pressed the head of the Securities and Exchange Commission on what the agency was doing about complex mortgage securities and hedge funds that invest in them. The recent turbulence on Wall Street, with last week the worst for the Dow Jones industrial average in five years, was the backdrop as SEC Chairman Christopher Cox testified before the Senate Banking Committee.
November 14, 2006 |
The Securities and Exchange Commission expects to file more enforcement actions against hedge funds over illegal trading and violations of client trust, the agency's head of enforcement said Monday. The SEC is "worried" about both kinds of misconduct, Linda Thomsen, the agency's director of enforcement, said at a securities conference in New York. "I expect to see activity in connection with both," she said.
August 4, 1998 |
The Securities and Exchange Commission has fined Norman Zadeh $165,000 in a case related to his once-popular contests for ranking the performance of hedge funds. The agency also imposed a $137,500 fine against Prime Advisors Inc., a money management company owned by Zadeh and his associate Jeffrey Goodstein, who was ordered to pay a $27,500 penalty. All three settled the SEC charges without admitting or denying guilt.
September 30, 2003 |
The hedge fund industry, a fast-growing but lightly policed corner of the investment business, may soon be getting more scrutiny from regulators. The Securities and Exchange Commission's staff recommended Monday that hedge fund managers be required to register with the agency as investment advisors, a change that would give the SEC the power to regularly inspect the funds and force managers to disclose more to their investors.