It needed Enron to give us Sarbanes-Oxley and it needed Madoff to give us the newly proposed Bill known as the Hedge Fund Transparency Act 2009.Currently, hedge funds are exempt from the scrutiny of the Securities and Exchange Commission (SEC) because they are exempt from the provisions of the two pieces of legislation that regulate investment companies and investment advisers.
April 22, 2009 at 08:59 PM
1 minute read
The original version of this story was published on Legalweek
The Hedge Fund Transparency Act aims to go further than Sarbanes-Oxley, putting hedge funds under far greater scrutiny than before
It needed Enron to give us Sarbanes-Oxley and it needed Madoff to give us the newly proposed Bill known as the Hedge Fund Transparency Act 2009.
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