Hedge funds face close scrutiny from SEC

The US Securities and Exchange Commission (SEC) said that it wants regulatory control of the hedge fund industry, including the right to investigate funds and advisers.

Hedge funds operating in the US will have to register with the SEC as investment advisers and be subject to its jurisdiction under proposals put forward by SEC staff in Washington on Monday.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire