(Reuters) - WASHINGTON, July 11 - The House Financial
Services Committee will draft legislation requiring U.S. hedge
funds to keep copies of trading data and will take a closer
look at the role of credit rating agencies in the collapse of
some funds linked to subprime mortgages, the panel chairman
said on Wednesday.
Rep. Barney Frank, a Massachusetts Democrat, said his
planned bill would help protect investors in the lightly
regulated hedge fund industry by giving federal agencies the
ability to examine funds' records of trades, e-mail exchanges
and other documents.
Read more at Reuters.com Government Filings News
Services Committee will draft legislation requiring U.S. hedge
funds to keep copies of trading data and will take a closer
look at the role of credit rating agencies in the collapse of
some funds linked to subprime mortgages, the panel chairman
said on Wednesday.
Rep. Barney Frank, a Massachusetts Democrat, said his
planned bill would help protect investors in the lightly
regulated hedge fund industry by giving federal agencies the
ability to examine funds' records of trades, e-mail exchanges
and other documents.
Read more at Reuters.com Government Filings News
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