In a long-anticipated move, U.S. Treasury Secretary Timothy
Geithner unveiled the Obama administration's plan for
heightened federal supervision of the financial system, which
includes more regulation for hedge funds. Geithner's plan was
put forth at a House Financial Services Committee hearing held
Geithner's proposal would create federal supervision of
hedge funds by requiring funds with assets under management
"over a certain threshold" to register with the Securities and
Exchange Commission. That threshold was not defined.
"U.S. law generally does not require hedge funds or other
private pools of capital to register with a federal financial
regulator, although some funds that trade commodity derivatives
must register with the CFTC and many funds register...