Thursday September 25, 03:52 PM
US SEC tells dozens of hedge funds to provide data
WASHINGTON, Sept 25 (Reuters) - U.S. securities regulators have ordered more than two dozen hedge funds to hand over information about their trading activity in securities of some financial institutions, a source briefed on the matter said on Thursday.
Late last week, the Securities and Exchange Commission said it was expanding its ongoing probe into possible market manipulation in certain financial companies' securities. The SEC did not name the companies.
But the agency said hedge fund managers, broker-dealers and big investors with significant trading activity in financial firms or positions in credit default swaps would be required to disclose those positions to the SEC and provide certain other information.
(Reporting by Rachelle Younglai, editing by Gerald E. McCormick)
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