Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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New Rule Could Turn HFs into Insider Trading Informers

Jan 06, 2013
Jing Chen

U.S. financial regulators are looking to hedge funds to help catch insider traders.

Reuters reported that the Financial Crimes Enforcement Network, which is part of the Treasury Department, is working on a rule that would require U.S. hedge funds to file reports notifying authorities of suspicious trading by employees or outside parties. 

Steve Hudak, a spokesman for FinCEN, told Reuters that the rule could be filed for public comment sometime in the first half of 2013.

If the rule is adopted, hedge funds would be forced to spend more money on expanding their compliance and legal departments.

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