Hedge FundsSEC increases oversight for hedge funds, high-speed traders by D.WilliamFebruary 7, 2024 SEC increases oversight for hedge funds, high-speed traders Traders and funds have warned the cost of new rules could lead them to pull back from key markets By Peter Rudegeair, The Wall Street Journal Wednesday, 7 February 2024 at 07:24 Wall Street’s top regulator extended its authority into new corners of the financial industry on 6 February, adopting rules targeting firms that are among the most active buyers and sellers of US government bonds and stocks. The Securities and Exchange Commission will now require dozens of firms, including high-speed traders and hedge funds, to face new capital requirements, register their activities and report more information on their transactions. The changes resulted from the SEC’s 3-2 vote to broaden its definition of what it considers to be a securities “dealer.” Source link
Wall Street’s top regulator extended its authority into new corners of the financial industry on 6 February, adopting rules targeting firms that are among the most active buyers and sellers of US government bonds and stocks. The Securities and Exchange Commission will now require dozens of firms, including high-speed traders and hedge funds, to face new capital requirements, register their activities and report more information on their transactions. The changes resulted from the SEC’s 3-2 vote to broaden its definition of what it considers to be a securities “dealer.”
