Hedge Funds are often the subject of a lot of discussions about the lightly regulated nature of these investment firms, Interestingly, it was NOT hedge funds that were the cause of the Credit Crisis but banks and broker dealers that were heavily regulated. Please discuss a few of the key differences between hedge funds trading activities, typical investors, etc, vs traditional broker dealers or regulated mutual funds. Also, provide your opinions and rationale about whether hedge funds should become more heavily regulated going forward as US banks are for example.