July 10, 2009

Securities, futures regulators to police OTC derivatives - Yahoo! Finance




Securities, futures regulators to police OTC derivatives - Yahoo! Finance: "Securities, futures regulators to police OTC derivatives"

The government attempts to again increase regulation over hedge funds by expanding powers of the SEC after being defeated in 2006 through an appeal court that vacated hedge funds alike. Citing that hedge funds are the cause for the recent financial meltdown of the American economy and more regulation is needed to prevent another fiasco. We'll see if their second attempt prevails - I doubt it though because the hedge fund industry has millions of money in their troughs and can pay a pretty penny for lobbyists. And naturally, they won't take this new regulation attempt by the government lying down...