SEC Keeps Mum On Hedge Funds

Law360, New York (December 6, 2007, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has already questioned hedge funds about their potential insider trading. Now, although the agency remains tight-lipped, lawyers suspect the probes might be expanding in other directions, too.

Some lawyers think the SEC might be investigating whether banks and other big investors might be leveraging their clout to access hedge funds' investment strategies, Reuters reported Wednesday.

Paul Huey-Burns of Dechert LLP told Law360 on Thursday said that, given the ongoing crackdown on hedge funds' often opaque workings, he would not be...
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