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Tuesday, May 31, 2005

Hedge fund instant messaging should be scrutinized

Hedge fund instant messaging should be scrutinized

By Herbert Lash
Wed May 25, 2005 01:10 PM ET

NEW YORK, May 24 (Reuters) - Instant messaging, a conduit some say is used to spread rumors and cause market volatility, should come under regulatory scrutiny after last week's crackdown on insider trading by hedge funds, an executive at American Century Investments said on Tuesday.

The secretive funds, which will become subject to SEC examinations in February, may find they have not been keeping adequate records of electronic messaging, Bradley said in an interview.

"Hedge funds are wonderful at understanding where there are holes in the rules and using regulatory arbitrage to make money and act like they're geniuses," he said.
Read further:
Reuters: CORRECTED - Hedge fund instant messaging should be scrutinized


Anonymous PENNY STOCKS said...

Interesting news.

12/03/2012 02:06:00 PM  

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