SEC chief Cox plans to strengthen oversight of hedge funds

SEC chief Cox plans to strengthen oversight of hedge funds

[JURIST] The Wall Street Journal reported Monday that Christopher Cox [Wikipedia profile], chairman of the US Securities and Exchange Commission [official website], plans to put into operation a rule that would allow the government to take a stronger role as watchdog over the massive US hedge-fund industry. In his first major interview since being sworn in as chairman [JURIST report] last month, Cox said that a slew of new rules would not be forthcoming and also stated that the SEC would reassess some existing regulations. The former California congressman and ex-securities lawyer also said the group will also push for companies to do a better job disclosing executive compensation to investors and the public. Reuters has more.