Reuters – U.S. regulators are poised to expand oversight of the roughly $2 trillion hedge fund industry, with the U.S. Securities and Exchange Commission expected on Wednesday to adopt rules requiring private fund advisers to register with the agency.
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Read More »Reuters – U.S. securities brokers would be more closely scrutinized by accountants and be subject to stricter rules for how they handle their customers’ assets under a plan proposed by federal regulators on Wednesday.
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Read More »Reuters – A top U.S. lawmaker is asking the Securities and Exchange Commission to explain how the country’s top financial regulator handled its oversight of hedge fund industry heavyweight SAC Capital Advisors.
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Read More »Freddie Mac Acting Chief Financial Officer David Kellermann, 41, was found dead early today in the basement of his home in a Washington suburb, police said.
According to poice, the death is still under investigation. Early reports indicated Kellermann’s wife reported a suicide. The medical examiner’s office said it’s conducting an autopsy, and the results may be released as soon as today.
David Kellermann was named acting chief financial officer in September 2008. As acting chief financial officer, Kellermann is responsible for the company’s financial controls, financial reporting, tax, capital oversight, and compliance with the requirements of Sarbanes-Oxley. He also oversees the company’s annual budgeting and financial planning processes.
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