Here’s a good question: why should taxpayers be subsidizing the supervision of investment vehicles for the wealthy?
The New York Post’s Roddy Boyd writes:
The SEC's Linda Thomsen, in a speech at a Securities Industry Association confab in Midtown, told attendees she expects the SEC will be filing an increasing number of claims against hedge funds for illegal trading and violating client trust. The SEC is "following the money," she said.
"These days, the money is in hedge funds, so the potential for abuse, the potential for securities law violations is there because there is so much money there," Thomsen said
We Will Follow The Money [New York Post]