Hedge Funds

Galvin wants greater hedge fund oversight


At a time when the SEC appears to be waffling over whether to increase regulation for hedge funds, Massachusetts Secretary of State William Galvin has weighed in seeking stronger oversight of the industry. Speaking at a Boston Business Journal awards' dinner, Galvin said the SEC and Congress need to endorse rules that would require hedge fund registration with the SEC.

"Federal regulators and Congress need to pay more attention to [hedge funds] as small investors get involved. The SEC in particular needs to do more," he said, according to the paper. The remarks come at a time when