Reuters – Forcing hedge fund advisers to register with U.S. regulators will give Wall Street cops more ways to access information and root out fraud in the secretive $1.5 trillion industry, a U.S. Securities and Exchange Commission official said on Tuesday.
Blasted for missing Bernard Madoff’s $65 billion fraud, the SEC has taken dramatic steps to sharpen its enforcement division. But the SEC says it still needs more resources to properly police markets, companies and individuals.
