(Reuters) - But SEC Chairman Christopher Cox said the SEC's enforcement
division found the company fails tests that would force it to
register under the 1940 Investment Company Act.
"The funds that Blackstone manages are indeed investment
companies but the fund manager is not, under the law," Cox said
in testimony before the U.S. House Financial Services
Committee.
Read more at Reuters.com Mergers News
division found the company fails tests that would force it to
register under the 1940 Investment Company Act.
"The funds that Blackstone manages are indeed investment
companies but the fund manager is not, under the law," Cox said
in testimony before the U.S. House Financial Services
Committee.
Read more at Reuters.com Mergers News
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