SEC Chair Predicts Detailed Disclosures by Hedge Funds to Regulators
The Wall Street Journal ("WSJ") recently reported that "Securities and Exchange Commission Chairman Mary Schapiro predicted that any new regulation of hedge funds will likely require detailed disclosure to regulators, but not necessarily as much disclosure to the public."
According to the WSJ, "[i]f proposed legislation under consideration by Congress to require hedge-fund advisers to register with the SEC is enacted, Ms. Schapiro predicted that the final regulation will result in "fairly detailed reporting to regulators and some level of public reporting to investors."
However, the WSJ noted that Schapiro "...acknowledged that in some instances, such as dealing with hedge funds, it can be hard to strike a balance between informing investors without disclosing too much about firms' trading strategies. She said there are still "issues to be resolved" in this area."
According to the WSJ, "[i]f proposed legislation under consideration by Congress to require hedge-fund advisers to register with the SEC is enacted, Ms. Schapiro predicted that the final regulation will result in "fairly detailed reporting to regulators and some level of public reporting to investors."
However, the WSJ noted that Schapiro "...acknowledged that in some instances, such as dealing with hedge funds, it can be hard to strike a balance between informing investors without disclosing too much about firms' trading strategies. She said there are still "issues to be resolved" in this area."
Labels: Hedge Funds
posted by bhill at 9:16 PM
