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Legal Briefing
Trimming the hedge fund
Practice Area: Regulation and Enforcement
Sector: Investment Management
Jurisdiction: USA
Published: 23 April 2009
Law Firm: Carter Ledyard & Milburn
Overview
It needed Enron to give us Sarbanes-Oxley and it needed Madoff to give us the newly proposed Bill known as the Hedge Fund Transparency Act 2009.
Currently, hedge funds are exempt from the scrutiny of the Securities and Exchange Commission (SEC) because they are exempt from the provisions of the two pieces of legislation that regulate investment companies and investment advisers.
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