S.E.C. Is Investigating 150 Hedge Funds
The Securities and Exchange Commission is taking a long, hard look at hedge funds these days. The agency has about 150 ongoing hedge fund investigations, including alleged Ponzi schemes and misappropriations, S.E.C. chief Mary Schapiro told the Society of American Business Editors and Writers. In addition to hedge fund probes, the agency has about two dozen municipal [...]