Pressure for hedge fund scrutiny builds as Yellen leads her first U.S. financial stability meeting

U.S. Treasury Secretary Janet Yellen is facing pressure from Democrats to revive tougher scrutiny of hedge funds and other large pools of capital as she heads her first meeting of the premier grouping of U.S. financial regulators on Wednesday. The meltdown of leveraged hedge fund Archegos Capital Management this week, which inflicted losses on Credit […]

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U.S. SEC official warns Wall Street of risks associated with blank-check companies

A U.S. markets watchdog official on Wednesday warned dealmakers in the frothy blank-check market to follow the regulatory demands associated with special purpose acquisition companies, or SPACs, amid concerns over problems with the capital-raising scheme. The acting chief accountant at the Securities and Exchange Commission (SEC), Paul Munter, urged market participants to be wise in […]

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