Hedge Fund Regulation Could Loom In 2007

Law360, New York (December 22, 2006, 12:00 AM EST) -- The regulation of hedge funds has been a hot topic ever since a U.S. appeals court ruled in June that the Securities and Exchange Commission had no jurisdiction over the industry.

The SEC decided not to appeal the decision, meaning the managers of private hedge funds with more than 15 investors no longer need to register with the SEC.

Lawmakers, however, did not let the $1.2 trillion industry go completely unregulated for long.

“We must move quickly to address the hole that the [court’s] decision has...
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