September 26, 2006
'Insider Trading' Troubles SEC
Can it get any worse for the hedge fund industry? Just when it was trying to distance itself from the Amaranth collapse and convince investors that hedge funds were a decent lot, news comes in of the enforcement people finding possible evidence of insider trading. Marketwatch.com reports:
SEC enforcement director Linda Thomsen told the Senate Judiciary Committee in written testimony that the agency has brought five insider-trading cases in fiscal 2006 against hedge funds or their advisers. The SEC is currently working on new ways to oversee hedge funds after a court rejected its authority to register fund advisers.
Read more: Hedge fund insider trading 'significant' concern: SEC
--
Did you enjoy this post?
Comments
Post a comment
« Hedge Funds To Monitor Blogs, Gossip | Main | It's A Win-Win For Securities Firms »
Recent Comments