US private funds industry sues securities regulator over new rules

📆 02/09/2023 00:17:00
📰 Reuters

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 97%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Six private equity and hedge fund trade groups on Friday sued the U.S. Securities and Exchange Commission (SEC), arguing the agency overstepped its statutory authority when adopting sweeping new expense and disclosure rules last week.

SEC Chair Gary Gensler said the rules will increase transparency and competition in the private funds industry, which oversees around $20 trillion in assets and has been accused by advocacy groups of opacity and conflicts of interest.

The changes require private funds to issue quarterly fee and performance reports and to perform annual audits. They also require that funds disclose certain fee structures, and bar them from offering some investors preferential treatment when it comes to their portfolio exposures and ability to cash out.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

US private funds industry sues securities regulator over new rules By ReutersUS private funds industry sues securities regulator over new rules
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

AI isn't overhyped, but some of the stocks are: JMP Securities CEOJMP Securities CEO Mark Lehmann joins 'Squawk on the Street' to discuss Lehmann's expectations for the economy going forward, if there's enough disinflation to soothe the 'hawks', and the chief executive's thoughts on artificial intelligence.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »