On Squawk Box this morning, David Faber, recently voted an Influential by New York magazine, reported on the SEC’s recent hiring of Thomas Biolsi as its Northeast head of compliance for hedge funds. Though the SEC announced the news a month ago (here’s the press release), Faber thinks the news could spell trouble for hedge funds seeking to steer clear of regulation and enforcement.
For a contrary view, see the comment to the above post by Perrie M. Weiner. Int'l Co-Chair of Securities, at DLA Piper, who begins " Anyone who truly understands hedge funds understands that heightened regulation is unnecessary and antithetical to what is needed. "
Friday, May 12, 2006
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