Cox: No need for hedge fund legislation yet

The SEC doesn’t need legislation right now to beef up its oversight of the hedge fund industry, SEC Chairman Christopher Cox said today.
JUL 31, 2007
The SEC doesn’t need legislation right now to beef up its oversight of the hedge fund industry, SEC Chairman Christopher Cox said today at a Senate Banking Committee hearing. At the same time, he warned that legislation could be needed in the future, depending on how the marketplace for pooled investments evolves. Mr. Cox did not provide additional details about his concerns. Mr. Cox said he believes the SEC’s new anti-fraud regulations “essentially filled the hole” created by a federal appeals court decision last year that threw out an SEC regulation requiring hedge funds to register at the agency. In a July 11 decision, the SEC beefed up its anti-fraud regulations to clarify the agency’s authority to police hedge funds and other investment pools, including private equity, venture capital and mutual funds.

Latest News

Northern Trust bulks up family office team with New York hires
Northern Trust bulks up family office team with New York hires

Bessemer and Brown Brothers Harriman veteran Robert Ludricks III and private markets specialist Olof Akesson join the ultra-high-net-worth push on the East Coast.

AI tax breaks draw Warren probe of Meta, Google, Amazon, Microsoft
AI tax breaks draw Warren probe of Meta, Google, Amazon, Microsoft

Senate Democrats seek data on data center deductions under the 2025 tax law as proposals to tax artificial intelligence multiply.

RIA M&A slowdown threatens record streak, DeVoe says
RIA M&A slowdown threatens record streak, DeVoe says

Geopolitical shocks and market volatility pushed advisor deal decisions off course, denting third-quarter transaction volume by 19 percent.

Why serving women became our wealth management growth strategy
Why serving women became our wealth management growth strategy

Hendershott Wealth Management's Hilary Hendershott on turning a niche for women into an operating strategy, not a marketing pitch.

Advisor moves: Raymond James lands $1.25B team as Merrill loses two
Advisor moves: Raymond James lands $1.25B team as Merrill loses two

Iowa's Greenwood Wealth Partners exits D.M. Kelly as UBS and Ameriprise win Merrill Lynch recruits in California and Florida

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains