Donaldson raises specter of fraud in rationale for registration

Fri May 13, 2005

U.S. Securities and Exchange Commission Chairman William Donaldson suggested in a speech on May 12 that the current competition for profitable trades among hedge funds and the resulting poor performance is making registration of hedge fund managers as investment advisors all the more timely.

The registration requirement is set to go into effect...

ISSN: 2151-1845 / CDC10004H

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