Wall Street’s main regulator is set to approve new rules aimed at overhauling the way private-equity and hedge funds deal with their investors.
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Commission to vote on final rules aimed at increasing transparency, driving down fees in opaque segment of financeThe Securities and Exchange Commission plans to vote on a package that would impose new rules on private funds.WASHINGTON—Wall Street’s main regulator is set to approve sweeping new rules aimed at overhauling the way private-equity and hedge funds deal with their investors, potentially the biggest regulatory challenge in years to firms such as Blackstone and Citadel.
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