Gensler: Banks may be helping hedge funds sidestep rules

02/13/2013 | Bloomberg Businessweek

Hedge funds may be skirting central-clearinghouse rules set to take effect next month with the help of overseas affiliates of U.S. banks, Commodity Futures Trading Commission Chairman Gary Gensler is expected to tell the Senate banking committee today. The banks may be transacting trades offshore for hedge funds even though the principal place of business for those firms is the U.S.

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