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The comment period ended Wednesday for the SEC's proposed rules to regulate hedge funds. Reflecting a dramatic change for an industry used to minimal scrutiny by regulators, the new rules would require investment advisers working in hedge funds to register with the SEC, allowing regulators to inspect hedge funds' internal operations and call for other changes. Industry growth and a series of scandals prompted the SEC to propose the regulations.
September 17, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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