Because neither Congress nor the Securities and Exchange Commission require hedge funds to register or reveal key information, Connecticut General Assembly Sen. Robert Duff (D-Norwalk) vows to reintroduce as many as three bills that would require them to reveal conflicts of interest, be licensed and disclose financial information to prospective investors.

Last May, the main bill, “No. 953, An Act Concerning Hedge Funds,” passed the Connecticut Senate by a vote of 24 to 12 along partisan lines but died in the House. Likewise, a bill introduced in the U.S. Senate by Sen. Christopher Dodd (D-CT), also stalled.

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