It is an issue that will not go away. Hedge funds are in need of regulation,
Calling hedge funds "an accident waiting to happen," Donaldson said that on July 14, a new rule maintaining that all hedge funds register will be proposed. Already, the two other Republicans on the Commission, Paul Atkins and Cynthia Glassman, have said they are against the proposal. Several months of public comment, and then the possibility of adoption, will follow.
Ever since Canary Capital became engulfed in the still-developing scandal back in September, the Commission has been drawing up plays in the sand to figure out how to regulate the rapidly growing hedge fund industry.
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