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Subjects / Shadow Banking

Newsletter Sep 2006: No SEC appeal against court’s hedge fund decision

Staff | February 23, 2007

WASHINGTON – Christopher Cox, chairman of the US Securities and Exchange Commission (SEC), announced in early August that there would be no appeal against the June decision of the Washington DC Circuit Court to overturn the Commission’s hedge fund registration rule. The court had been considering a lawsuit against the rule, brought by Phillip Goldstein, who runs hedge funds from his home in Pleasantville, New York State.

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