Why Register Hedge Fund Advisers - A Comment
70 Washington and Lee Law Review 713 (2013)
U of St. Thomas (Minnesota) Legal Studies Research Paper No. 13-10
13 Pages Posted: 3 Apr 2013
Abstract
This brief Comment responds to a thoughtful assessment of the Dodd-Frank regulation of hedge fund advisers. The Comment suggests a stronger case for the regulation on investor protection grounds than many critics allow, even if, subsequently, Congress in the JOBS Act moved to somewhat undermine that goal. As to systemic risk, the hedge fund adviser regulation is essentially only an extended study and data-gathering process which may or may not lead to stricter regulation. As often is the case in U.S. financial regulation, the policy goals of investor protection, capital formation, and advancing the public interest are not always congruent.
Keywords: Dodd-Frank, hedge funds, financial regulation
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