Briefly

The Securities and Exchange Commission said almost 800 hedge fund advisors had met Wednesday’s deadline to register with the agency under a rule that subjects the industry to stricter regulation and random inspections. The SEC didn’t yet know whether any advisors had failed to meet the deadline.

The rule, which applies to firms that manage at least $30 million, was approved in 2004. Funds that prevent investors from taking money out for two years or more are exempt. That enabled some of the biggest funds to avoid registering.