Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Former SEC Head: Some Regulations on Hedge Funds Needed

David Ruder, SEC chairman under President Ronald Reagan, called for limited regulations on hedge funds at a hearing of the House Oversight committee this morning.

Ruder said that the SEC should get the power to "register and inspect" all hedge funds and get a look at the risk positions of hedge funds. That information should be shared on a confidential basis with the Federal Reserve, Ruder said, but not disclosed to other hedge firms or made public.

Such limited transparency could give federal authorities an early warning on which hedge funds may be in trouble, or are taking excessive risk. That could possibly prevent an impact on on the wider financial sector if the hedge fund fails.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  November 13, 2008; 10:49 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Chevy Chase Declines Comment on Citigroup "Rumor"
Next: Senate Panel Hammers Treasury, Paulson

Comments

how about limits on how much hedge funds can leverage their "investments"?

Posted by: apeirond | November 13, 2008 3:32 PM | Report abuse

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company