Reported 8 months ago
The Securities and Exchange Commission (SEC) is still considering its next steps after a court blocked new rules requiring hedge funds and private equity firms to disclose more about their fees and expenses to investors. SEC Chair Gary Gensler mentioned that the agency is assessing how to proceed after an appeals court deemed the regulation an overreach of authority. The ruling was seen as a setback for Gensler's transparency efforts, with hedge fund and private equity firms welcoming the decision and challenging other SEC moves.
Source: YAHOO