SEC moves to prevent hedge fund fraud

Fri Jul 13, 2007

The Securities and Exchange Commission has adopted a new antifraud rule that restores enforcement powers called into question last year by a court ruling that had voided an attempt by the commission to bring more hedge funds into its sphere of regulation.

The new rule, which was approved in a unanimous vote, authorizes...

ISSN: 2151-1845 / CDC10004H

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