The SEC's five-member panel will vote on the changes, proposed last year, aimed at increasing transparency, fairness and accountability in the $20.4 trillion private funds industry.
SlateStone Wealth chief market strategist Kenny Polcari and SW Retail Advisors founder Stacey Widlitz analyze today's stock market action and discuss the retail earnings picture on 'The Claman Countdown.'on Wednesday is set to finalize a sweeping overhaul of private equity and hedge fund rules, but stopped short of banning certain fees and making it easier for investors to sue fund managers, in a victory for the industry.
The Securities and Exchange Commission's five-member panel will vote on the changes, proposed last year, aimed at increasing transparency, fairness and accountability in the $20.4 trillion private funds industry which has more than doubled its assets over the past decade, agency data shows.
At the time it was proposed, SEC Chair Gary Gensler said the changes would benefit investors in such funds, typically wealthy individuals and institutional investors like pension funds, and companies raising capital from them. SEC Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Sept. 14, 2021, in Washington, D.C."Private fund advisers, through the funds they manage, touch so much of our economy."
While the changes mark the biggest overhaul of industry rules in years, the SEC rowed back on some contentious proposals after major players, including Citadel and Andreesen Horowitz, argued the agency was overreaching its authority by attempting to bar long-established fee structures and liability terms.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
We couldn't resist sharing these home hacks — and they're all under $20From a produce saver to a utensil rest.
Leer más »
Enter to win two $20 gift certificates to Civic Center Eats!Delicious food and community in Downtown Denver - for a great cause! Civic Center EATS is the annual food truck event that brings a variety...
Leer más »
The Magical $20 Nail Concealer That Helped Me Slash My Mani-Pedi Budget“One coat gives you that ‘is she wearing nail polish, or does she just have flawless doll nails?’ look,” said a HuffPost editor.
Leer más »
How The Steep Decline In Chinese Tourists Will Cost The U.S. More Than $20 BillionIn the competitive global travel industry, America has lost its edge with the world's highest-spending travelers due to long visa wait times, gun violence and geopolitics. But here's the silver lining in the clouds.
Leer más »