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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (170967)	6/24/2006 6:07:16 AM
From: Bill Ulrich	Respond to of 793917

The SEC hasn't been able to "regulate" real market scams anyhow. The most they can do is let criminals off with a promise to "not break the law yet once again", (which I had previously thought was a presumed, or implied, obligation by an entity to society, in making laws anyway). So why is this "special hedge fund" story even ... a story? It's not like the SEC has/has had/ever will have any authority to do much beyond pushing paper and threatening to maybe slap wrists. "A unanimous ruling by a federal appeals court panel said the SEC does not have the authority to regulate these often-volatile investment pools that now comprise more than a trillion dollars in assets. ....... Concerned that a growing number of unsophisticated investors were becoming exposed to high-risk hedge funds through pension funds and other investments, the SEC in 2004 passed a rule giving it authority over ..."