Thursday, February 3, 2011

Hedge Funds Gird to Fight Proposals On Disclosure

Is this an excuse to prevent disclosure and monitor problems in the financial system or valid concern?

"Hedge funds are gearing up to take on proposed rules that would force them to turn over more data about their trading positions to the U.S. government.

Regulators will be required to keep the information they gather confidential, but some hedge funds are invoking a WikiLeaks scenario, saying they are concerned that too many hands will be on their proprietary data and the government won't be able to protect it."

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