SEC makes biggest overhaul of $20T private equity, hedge fund...

The Securities and Exchange Commission voted to overhaul rules for private equity and hedge funds, requiring greater transparency and accountability, but didn't make it easier for investors to sue fund managers or ban arrangements that give certain investors preferential treatment.

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Relevant topic timeline:

8/23/2023

US SEC overhauls rules for $20 trillion private fund industry

The U.S. Securities and Exchange Commission (SEC) has implemented new rules aimed at increasing transparency and accountability in the private equity and hedge fund industry, requiring the issuance of quarterly fee and performance reports, disclosure of fee structures, and annual audits, while banning preferential treatment for certain investors.

8/23/2023

SEC Takes On Private Equity, Hedge Funds

The Securities and Exchange Commission has approved new rules aimed at increasing transparency and reducing fees for private-equity and hedge funds, posing a significant regulatory challenge to firms like Blackstone and Apollo Global Management.

8/23/2023

New rules require audits for private equity and hedge funds

The U.S. Securities and Exchange Commission has adopted new rules targeting private fund advisors, particularly those managing private equity and hedge funds, to increase transparency and protect investors by requiring more disclosures, annual financial statement audits, and quarterly performance statements.

8/29/2023

The Real Reasons the Grayscale Bitcoin ETF Decision Matters

The U.S. Court of Appeals has criticized the Securities and Exchange Commission (SEC) for acting "capriciously" and "arbitrarily" in denying a spot market bitcoin exchange-traded fund (ETF), potentially leading to a review of the previously rejected application and challenging the SEC's authority over cryptocurrencies.

9/1/2023

Private equity, hedge funds sue SEC over new disclosure rules

A consortium of industry groups has filed a lawsuit against the SEC to block new rules that require private equity and hedge funds to disclose performance and fees, arguing that the rules will harm investors and reduce investment opportunities.

9/1/2023

US private funds industry sues securities regulator over new rules

Six private equity and hedge fund trade groups have sued the U.S. Securities and Exchange Commission (SEC), claiming that the agency overstepped its authority by implementing new expense and disclosure rules for the private funds industry.

9/20/2023

SEC Tightens Rules on Investment Fund Names to Avoid Misleading Investors

The Securities and Exchange Commission has adopted amendments to the Investment Company Act "Names Rule" to prevent fund names from misleading investors about the fund's investments and risks, ensuring truth in advertising and promoting fund integrity.

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Posted 8/23/2023, 6:50:00 PM

SEC makes biggest overhaul of $20T private equity, hedge fund...

nypost.com

Relevant topic timeline:

8/23/2023

US SEC overhauls rules for $20 trillion private fund industry

8/23/2023

SEC Takes On Private Equity, Hedge Funds

8/23/2023

New rules require audits for private equity and hedge funds

8/29/2023

The Real Reasons the Grayscale Bitcoin ETF Decision Matters

9/1/2023

Private equity, hedge funds sue SEC over new disclosure rules

9/1/2023

US private funds industry sues securities regulator over new rules

9/20/2023

SEC Tightens Rules on Investment Fund Names to Avoid Misleading Investors