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Hedge Fund Ruling Unlikely to Be Appealed, Commish Says

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SEC Commissioner Paul Atkins says he would be "very surprised" if the SEC appealed the federal appeals court ruling that struck down a rule requiring hedge fund managers to register as investment advisers. Now, of course, Atkins isn't directly in charge on the SEC's legal team, and is only one of five commissioners at the SEC. So it's possible that an appeal could still emerge from the innards of the regulatory beast.

SEC official: Hedge fund appeal unlikely
[Bloomberg in the Boston Globe]