Wednesday, July 19, 2006

U.S. Senate committee sets hearing on hedge funds

WASHINGTON, July 18 (Reuters) - The U.S. Senate Banking Committee said on Tuesday it will hold a hearing on July 25 to discuss the regulation of hedge funds.

The committee, which oversees the Securities and Exchange Commission, said a list of witnesses for the session would be announced at a later date.

A federal appeals court last month threw out an SEC rule adopted in 2004 that required most U.S. hedge fund advisers to register with the investor protection agency and submit to occasional inspections.

Some Democrats in the House of Representatives have introduced a bill to revive efforts to tighten government oversight of the hedge fund industry.

© Reuters 2006. All Rights Reserved.

No comments: