Senate Wants Answers On Hedge Fund Regulation

Law360, New York (November 21, 2006, 12:00 AM EST) -- A Senate committee intends to hold a third in a series of hearings examining the Securities and Exchange Commission’s effectiveness, or lack thereof, at regulating hedge funds.

Though the event is tentatively scheduled for Dec. 5 before the Senate Judiciary Committee, a notice of hearing has not yet been served.

A spokeswoman for the committee declined to name any of the invited witnesses. However, the Wall Street Journal reported Tuesday that SEC enforcement chief Linda Chatman Thomsen would testify and that Pequot Capital Management founder Arthur...
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