SEC: Hedge funds must open up their books

[Banjo]

WASHINGTON (MarketWatch) — Hedge-fund and private-equity managers will have to register and open their books to surprise examinations by the Securities and Exchange Commission

http://www.marketwatch.com/story/sec-hedge-funds-must-open-up-their-books-2010-11-19

 

[nazzdack]

Quote from Banjo:
----surprise examinations by the Securities and Exchange Commission.

Advance notice will be given before any "surprise" audits.

 

[LeeD]

Quote from nazzdack:

Advance notice will be given before any "surprise" audits.

You are nitpicking. In the context, "surprise" probably means the audits won't be regular.

"Surprised" by advance notice. That kind of thing...

 

[propseeker]

there's a foreign fund exemption. feeders are going to become very popular.

 

[latinotrader]

Quote from Banjo:

WASHINGTON (MarketWatch) — Hedge-fund and private-equity managers will have to register and open their books to surprise examinations by the Securities and Exchange Commission

http://www.marketwatch.com/story/sec-hedge-funds-must-open-up-their-books-2010-11-19

Madoff, the sequel and the trilogy coming soon!