Senate Judiciary Committee Chairman Arlen Specter warned government enforcement officials and the Senate Banking Committee during a hearing Wednesday to get serious about investigating market manipulation by the $1.5 trillion hedge fund industry. Concerns about hedge fund fraud returned to the spotlight after a federal appeals court last week vacated an SEC rule requiring registration of hedge fund managers and periodic exams of their books. “We’re dealing with a matter of great importance,” Specter said.
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Posted on Friday, June 30th, 2006. Filed under: Business Law, Law Misc
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