Securities and Exchange Commissioner Cynthia A. Glassman is concerned that requiring hedge fund registration might detract from the agency’s ability to inspect mutual funds.

"I wouldn't want to dilute and divert the limited resources we have to devote to the inspection of mutual funds that are the primary investment for Mom and Pop investors," Glassman said during a recent speech at the Eighth Annual Conference on the Practical Implications of SEC Regulation Outside the United States, in London.

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