Hedge Funds

SEC chairman says registration is coming soon

by

Securities and Exchange Commissioner William Donaldson confirmed yesterday that the SEC will propose rules requiring hedge funds to register with the agency. "I don't want to put a timetable on it, but it's going to be sooner rather than later," he said in an address to the Securities Traders Association at their conference in Washington, D.C. this week.

The Commission is currently divided on the issue, with Donaldson, Roel Campos, and Harvey Goldschmid in favor of registration and Cynthia Glassman and Paul Atkins opposed. Glassman and Atkins fear a registration requirement would be a tax on the SEC's limited