SinoPac Securities (Asia) Ltd is a licensed corporation for Types 1, 4, 6 and 9 regulated activities under the Securities and Futures Ordinance (CE Number: ACD026).

永丰金证券（亚洲）有限公司乃一家根据《证券及期货条例》获发牌进行受规管活动第一、四、六及第九类的持牌法团（中央编号：ACD026） 。

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He says that while at the same time that these institutions are under-regulated they are also taking on more risky activities, and if another crisis erupts taxpayers might have to foot the bill again.

FORBES: Goldman Exec Wants More Regulation--Of Hedge Funds, Not Banks

At the World Economic Forum in Davos, Cohn warned that over-regulation of banks could push risky investments and activities into the hands of less regulated institutions like hedge funds, the Financial Times reports.

FORBES: Goldman Exec Wants More Regulation--Of Hedge Funds, Not Banks

In principle, such an approach would appear well justified, as our financial system has become less bank-centered and because activities or risk-taking not permitted to regulated institutions have a way of migrating to other financial firms or markets.

FORBES: Transcript