Hedge funds are pools of money invested by individuals or groups of qualified investors who met federal requirements, which are determined by the US Securities and Exchange Commission(SEC) in the United States. Today, there is much talk about regulations in the hedge fund market. The two leading financial market regulators, the SEC, and Financial Services Authority (FSA) seem to be slowly but steadily moving in direction of controlled regulation. As hedge funds popularity grows year after year, the major concern is how such growth would impact broader markets in unforeseen ways. According to Richard Herring, finance professor at Wharton and co-director of the Wharton
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