Thursday, September 25, 2008

SEC begins to investigate hedge funds

SEC demands records from hedge funds
The Securities and Exchange Commission has ordered more than two dozen hedge funds to turn over trading records and e-mail communications made between Sept. 1-19, The Wall Street Journal reported today

The object is to determine whether traders spread rumors to manipulate shares.

Sock puppets are not just immoral, in the case of hedge funds they are illegal.

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