Looks like Senator Chuck Grassley doesn't agree with Fed Reserve Chairman Ben Bernanke's speech yesterday.
Bernanke argued that requiring hedge funds to register with the SEC would do little more than create a possible moral hazard for investors who assumed that meant hedge funds were being regulated.
Not so, says Grassley's press release, which argues that hedge funds need greater transparency now that they have such widespread holdings. The release also contains a reminder that the Senator is still "conducting a review of how the Securities and Exchange Commission handled allegations of misconduct by agency regulators investigating a hedge fund." That's a reference to the Pequot case.
|
Video
