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.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.