Plus, a new fund from Starlight Apartments; other firms make fund changes
Majority say the next year will be more volatile than 2007–2010 period
New frontier for alt funds has potentially systemic implications
Budget boosts penalties, SRO powers, short selling rules
Industry group calls on SEC to ease constraints
Local boots on the ground needed to defend investors, state regs tell Congress
The Securities and Investment Management Association will also represent capital markets participants, investment dealers