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What Does the SEC Really Want From Hedge Funds?

The laws about what makes trading information illegal come in several shades of gray.

By Amy Poster The government crackdown this summer on two high-profile hedge fund firms and their leaders, Steven Cohen of SAC Capital Advisors and Philip Falcone of Harbinger Capital Partners, delivered a resounding warning to the industry. To continue to thrive, hedge fund firms need a serious commitment by senior

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