SEC Hedge Fund Advisers
SEC Proposes Greater Reporting from Hedge Fund Advisors
Advisers to hedge funds and other private funds would have to report key information to regulators under a rule proposed by the U.S. Securities and Exchange Commission on Tuesday.
The proposal, required by the Dodd-Frank Wall Street reform law, would arm the newly formed Financial Stability Oversight Council with better information about hedge funds and other private pools of capital to ensure their trading activities do not pose a risk to the broader marketplace.
The new regulations would impose new requirements on the relatively lightly regulated private fund industry. Source