Tag Archives: open their books

SEC orders Hedge Funds and Private Equity to open their books. Prop shops last bastion of hope for quants?

SEC orders Hedge Funds and Private Equity to open their books. Prop shops last bastion of hope for quants?

he Securities and Exchange Commission voted 4-1 Friday to subject many hedge funds and private-equity funds to new scrutiny, including surprise inspections. Hedge-fund managers with assets over $100 million would be required to register with the agency under this proposal.
The new rule, which is expected to be finalized before July 2011, is authorized under the recent Dodd-Frank financial reform legislation. “The enhanced information,” SEC Chairwoman Mary Schapiro said, “will better enable regulators and the investing public to assess the risk profile of an investment adviser and its funds.”

Lisa Swan, a former senior new media editor at the New York Daily News, is a columnist for The Faster Times and a blogger for Subway Squawkers. Her work has also appeared in Yahoo Sports, Huffington Post, Heater Magazine, and the upcoming book Graphical Player 2011.

http://compliancex.typepad.com/compliancex/2010/11/sec-wants-hedge-funds-to-open-their-books.html

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!