SEC Unveils Hedge Fund Enforcement Unit

Law360, New York (August 1, 2007, 12:00 AM EDT) -- Seeking to combat the image of laxness currently associated with hedge fund regulation, the U.S. Securities & Exchange Commission has decided to establish a special unit within its enforcement division to crack down on the growing problem of insider trading in the hedge fund industry.

On Tuesday, SEC Chairman Christopher Cox revealed the unit's creation while giving testimony before the U.S. Senate Committee on Banking, Housing and Urban Affairs on the agency's recent work and plans for the future.

“In the past few years, the Commission...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.