The U.S. Securities and Exchange Commission (SEC) has enacted new regulations obliging registered private fund advisors to disclose quarterly performance to bolster investor transparency. However, sterner provisions initially proposed were omitted from the final version of the rules. SEC Chair Gary Gensler underscores the significance of private funds and their advisors in virtually all sectors of the capital markets while anticipating the new rules to boost competitiveness and efficiency by improving advisors’ transparency and integrity.
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