Сергій Кабуд ( Кий ) (xyu) wrote,
Сергій Кабуд ( Кий )
xyu

SEC demands HEDGE FUNDS desclose their sabotage bets on crisis

The SEC is concerned investors may seek to profit by spreading false information or making trades designed to drive down financial stocks during the credit crisis that has re- shaped Wall Street.

The agency is demanding hedge-fund managers, brokerages and institutional investors describe in sworn statements their bets on the companies, including trades in credit-default swaps, the regulator said Sept. 19.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a6SCpRsoB7AU&refer=home
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