Top SEC Regulator Backs Hedge Fund Oversight

CNBC – Top U.S. securities regulator said Tuesday she generally supported requiring hedge funds to register with the Securities and Exchange Commission.

SEC Commissioner Elisse Walter is the latest in a growing number of policymakers to express support for more oversight for the $1.4 trillion industry. "I generally do support that notion (of hedge fund registration)," the Democratic commissioner told Reuters in an interview. "But the devil is in the details. Registration has to be meaningful."

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