Monday, June 26, 2006

U.S. appeals court rejects SEC rule reining in hedge funds

Marcy Gordon, Associated Press

WASHINGTON – In a setback to the Securities and Exchange Commission, a federal appeals court on Friday overturned a rule bringing hedge funds under new supervision by the agency.

The decision by the U.S. Court of Appeals for the District of Columbia Circuit sent the rule – which bitterly divided the five-member SEC when it was adopted in October 2004 – back to the agency to be reviewed.


I think in the aftermath of the Long Term Capital debacle, it is very bad PR to resist SEC regulation.

1 comment:

Alice said...

Congratulations to Stillwater. I hope others will follow your example.