According to a Dow Jones newswires report, SEC chairman William Donaldson may have problems securing the support of two of his commissioners, who were angered by his handling of this week's hedge fund report release.
On Monday, Mr Donaldson unveiled a 134 page report on the US hedge fund industry, which proposed that hedge fund managers register with the regulator and submit to increased scrutiny.
"We currently lack the regulatory tools to monitor adequately the activities and operations of hedge funds and their investment advisers," he announced at the time, continuing: "The commission needs to have a means of examining hedge fund advisers and monitoring their operations."
However, Republican commissioners Cynthia Glassman and Paul Atkins (who have both expressed misgivings over the possibility of more stringent regulation of hedge funds in the past), expressed anger that statements made at the unveiling of the report contained language to which they had objected.
According to Dow Jones, the two commissioners were not alerted to the fact that there would be a news conference on the report's release, and only found out after the event via news reports.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment