Ambiguous speculation about possible changes in the hedge fund industry has begun to run rampant, according to lawyers and managers analyzing recent probes resulting in, most importantly, Canary Capital’s $40 million fine payout amid after-hours trading allegations.

The Securities and Exchange Commission is expected to release a report any week now that will regulate the previously untouched industry, Reuters reports. What experts don’t know, however, is how far-ranging or burdensome those regulations may be.

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