(Reuters) - Rep. Barney Frank, a Massachusetts Democrat, said his planned bill would help protect investors in the lightly regulated hedge fund industry by giving federal agencies the ability to examine funds' records of trades, e-mail exchanges and other documents.
"They'll have to retain data of records of trades for the purpose of insider trading enforcement," Frank told reporters after holding a hearing on hedge fund risks. "Anybody in the business is going to have to retain their data."
Read more at Reuters.com Bonds News
"They'll have to retain data of records of trades for the purpose of insider trading enforcement," Frank told reporters after holding a hearing on hedge fund risks. "Anybody in the business is going to have to retain their data."
Read more at Reuters.com Bonds News
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