South Florida, The Business Journal: New SEC rule could stem hedge fund losses
Monday, March 14, 2005

A rule requiring hedge fund managers to register with the SEC or state regulators is coming too late for investors who lost millions in now-closed West Palm Beach-based KL Group.

But the new rule, effective next Feb. 1, will help regulators detect hedge fund problems more quickly, according to officials in the SEC's Miami office.

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