August 8, 2004
ALTERNATIVE REGISTRATION IDEAS
-Surveys, NOT 100,000 a year compliance officers: I do not want to pay higher fees simply because the SEC wants some unspecified information. Arent 40 of hedge funds already registered to gather information from? Instead, send out surveys that require mandatory responses.
-Investigations, NOT expensive quarterly filings: Please concentrate on enforcement i.e. Elliot Spitzer, not on making more burdensome rules or creating paperwork. Focus on CATCHING fraud, not token gesture rules that cost real money but dont help anyone. If you make rules, please point out how much money this will both save versus cost investors.