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 Monday, September 19, 2005 |
SEC chief Cox plans to strengthen oversight of hedge funds
Tom Henry at 2:58 PM ET
[JURIST] The Wall Street Journal reported Monday that Christopher Cox [Wikipedia profile], chairman of the US Securities and Exchange Commission [official website], plans to put into operation a rule that would allow the government to take a stronger role as watchdog over the massive US hedge-fund industry. In his first major interview since being sworn in as chairman [JURIST report] last month, Cox said that a slew of new rules would not be forthcoming and also stated that the SEC would reassess some existing regulations. The former California congressman and ex-securities lawyer also said the group will also push for companies to do a better job disclosing executive compensation to investors and the public. Reuters has more.
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Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.
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