NEW YORK -(Dow Jones)- Hedge funds are starting to register with the Securities and Exchange Commission, and so far the agency isn’t getting much useful information, according to a commissioner who opposed the new rule.
Commissioner Paul Atkins, a Republican who voted against the October 2004 rule requiring hedge funds to register with the SEC by Feb. 1, spoke Wednesday at a Securities Industry Association conference.
The information the SEC is receiving from hedge funds isn’t helping the agency identify risks or where it should be looking for problems.
