SEC: Hedge Fund Advisers Must Register
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The U.S. Securities and Exchange  Commission voted 3-2 on Tuesday to adopt a rule that for the  first time will require hedge fund advisers to register with  the agency and submit to SEC examinations.
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UBS Securities, the investment-banking division of the Swiss-based UBS, was accused by Massachusetts regulators of dishonest and unethical practices in dealings with hedge-fund advisers. The subsidiary, based in Stamford, Conn., gave hedge-fund managers below-market rent, low-interest personal loans and other benefits to retain and increase business, according to a complaint from the office of William Galvin, the secretary of the commonwealth and its top securities regulator. The complaint also accuses UBS of failing to supervise gifts and gratuities. The action, filed with the stateâs Securities Division, seeks a cease-and-desist order, a censure and an undisclosed administrative fine, the statement said. Doug Morris, a UBS spokesman in New York, declined to comment.
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Market discipline will protect investors and the economy from problems with hedge funds, regulators said today.
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Many investment advisers to hedge funds and other investment funds currently qualify for exemption from registration as an investment adviser under the Investment Advisers Act of 1940 (Advisers Act).
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After last week&#39;s settlement with San Francisco investment adviser Garrett Van Wagoner, you have to wonder how serious the Securities and Exchange Commission is about protecting mutual fund shareholders.
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Some aggrieved investors are turning to lawyers to pursue possible legal claims stemming from losses at two Bear Stearns Cos.  hedge funds that were virtually wiped out from large, illiquid bets on risky mortgages.
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The Securities and Exchange  Commission on Thursday filed fraud charges against hedge fund  manager Robert Berlacher and the Lancaster group of hedge  funds, alleging they engaged in an illegal trading scheme  involving at least 10 unregistered securities offerings.
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Securities regulators are examining whether brokerage firms lavished golf outings, Super Bowl tickets and other gifts on mutual fund advisers to get them to bring their trading business to the firms.
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The rapid growth of hedge funds could pose risks to financial stability if market participants fail to strengthen risk management practices, Federal Reserve Board Governor Kevin Warsh said on Wednesday.
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The US Securities and Exchange Commission voted 3-2 on Tuesday to adopt a rule that for the first time will require hedge fund advisers to register with the agency and submit to SEC examinations.
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U.S. tax authorities are seeking  information from two U.S. banks to determine whether complex  derivatives trades they undertook for clients, including hedge  funds, were designed primarily to avoid taxes, the Wall Street  Journal reported in its online edition on Thursday.
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Who says you have to invest in the "typical" fund?
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Everybody's getting into hedge funds, including Bill Galvin. The Massachusetts secretary of state, who also happens to be the state's top securities regulator, clearly had the hedge-fund industry in his sights at the start of this year. He began investigating a so-called hedge-fund hotel run in downtown Boston by brokerage giant UBS AG right away. Now Galvin has filed charges ...
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The move to start a formal review of how the U.S. regulates financial markets and hedge funds comes amid concerns over competition from overseas trading capitals.
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NEW YORK, Feb. 9 -- Fortress Investment Group became the first hedge fund to be traded publicly in the United States, and its shares soared Friday in a debut that's expected to catch the attention of many in the $1.3 trillion hedge-fund industry.
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The chief United States financial watchdog is to force previously unregulated hedge fund managers to register with the agency, amid growing concern about their influence on global markets.
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WASHINGTON -- Federal securities regulators are moving to ease some financial-control rules for thousands of smaller public companies at the same time they look to stiffen requirements for individuals to invest in fast-growing hedge funds.