Reported about 12 hours ago
The hedge fund industry is lobbying the U.S. Securities and Exchange Commission (SEC) for immediate changes to transparency regulations as Mark Uyeda assumes the role of acting chair. In a recent letter, the Managed Fund Association requested delays on crucial disclosure requirements regarding short bets and fund sizes, arguing that current rules adopted in 2023 impose excessive burdens. The plea highlights the industry's need for adjustments on 'Day One' of Uyeda's leadership amidst ongoing lawsuits against the SEC.
Source: YAHOO