Bloomberg – Carly Fiorina, campaigning to be California’s first Republican senator elected in two decades, said hedge funds should be subject to greater transparency requirements and the financial regulatory overhaul known as the Dodd-Frank Act doesn’t go far enough.
The lightly regulated businesses that engaged in some of the riskiest activities, the so-called shadow financial system targeted by the legislation, still exist, the former Hewlett- Packard Co.chief executive officer said in an interview yesterday in Bloomberg’s San Francisco office.
