Overnight session:
Sept. 17 (Bloomberg) -- The U.S. Securities and Exchange Commission, responding to a market rout this week, may require hedge funds to disclose their short-sale positions and plans to subpoena the funds for their communication records.
Hedge funds and investors managing more than $100 million in securities would be ``required to promptly begin public reporting of their daily short positions,'' Chairman Christopher Cox said in a statement today. The enforcement division will obtain ``disclosure from significant hedge funds'' regarding ``past trading positions in specific securities,'' Cox said.
Will this force some unwinding, like the threats during the summer oil peak? Possibly. One thing that is certain, this is an election year and there will be lots of finger pointing.
Sept. 17 (Bloomberg) -- The U.S. Securities and Exchange Commission, responding to a market rout this week, may require hedge funds to disclose their short-sale positions and plans to subpoena the funds for their communication records.
Hedge funds and investors managing more than $100 million in securities would be ``required to promptly begin public reporting of their daily short positions,'' Chairman Christopher Cox said in a statement today. The enforcement division will obtain ``disclosure from significant hedge funds'' regarding ``past trading positions in specific securities,'' Cox said.
Will this force some unwinding, like the threats during the summer oil peak? Possibly. One thing that is certain, this is an election year and there will be lots of finger pointing.
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on Wednesday, September 17, 2008 at 9/17/2008 10:37:00 PM.
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