Government not the hedge fund “police”: US official
Apr 27th, 2007 | Filed under: Hedge Fund RegulationA few months ago, we wrote about the “moral hazard” that might result for investors if the SEC were to create a voluntary registration regime for hedge funds ( “SEC Hedge Fund Registration: Now Just A Seal of Approval?” ). Like many other voluntary programs such as the Good Housekeeping Seal of Approval, The American Dental Association’s “Seal of Acceptance”, or Krusty the Clown’s Seal of Approval (”It’s Not Just Good, It’s Good Enough!”), such a registration program would simply become another weapon in the hedge fund marketing arsenal.
It seems the US Treasury Department is also concerned about this. According to Bloomberg, Robert Steel, Undersecretary for Domestic Finance at the Treasury told a conference in New York yesterday:
To continue reading this article please login (at the right) or click here to learn more about accessing our archives.
