New York (HedgeCo.net) –Regulatory hedge fund compliance consulting firm, FrontLine Compliance LLC, sent out an alert announcing that the House Financial Services Committee has taken the first official steps toward actual financial regulatory reform. The Committee approved three bills that will be moved to the full House for vote in early December. The bills are:
- Private Fund Investment Advisers Registration Act of 2009
- Investor Protection Act of 2009
- The Accountability and Transparency in Rating Agencies Act
The legislative weight of the above bills includes registration and recordkeeping requirements for hedge funds, fiduciary standards for brokers, new restrictions on rating agencies, and enhanced enforcement powers for the SEC, including the ability to pay informants.
FrontLine Compliance is staffed by former SEC and FINRA regulators.
Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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