The U.S. securities regulator on Wednesday was set to finalize a sweeping overhaul of private equity and hedge fund rules, but stopped short of banning certain fees and making it easier for investors to sue fund managers, in a victory for the industry.
At the time it was proposed, SEC Chair Gary Gensler said the changes would benefit investors in such funds, typically wealthy individuals and institutional investors like pension funds, and companies raising capital from them. While the changes mark the biggest overhaul of industry rules in years, the SEC rowed back on some contentious proposals after major players, including Citadel and Andreesen Horowitz, argued the agency was overreaching its authority by attempting to bar long-established fee structures and liability terms.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newmont's bid to acquire Newcrest gets nod from regulatorA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Curo Group subsidiary sued by U.S. regulator for 'churning' consumer loansBy Jody Godoy (Reuters) - A U.S. consumer finance regulator sued a subsidiary of fintech lender Curo Group Holdings Corp. on Tuesday, alleging it ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Air Koryo to fly between Pyongyang-Beijing thrice a week -China regulatorBEIJING (Reuters) -China's civil aviation authority has granted Air Koryo approval to fly between Pyongyang and Beijing on Tuesday, Thursday and Saturday ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Facebook owner Meta breaks privacy rules, Norway regulator tells courtBy Gwladys Fouche OSLO (Reuters) - Meta Platforms is breaking European data privacy rules in Norway, the country's data regulator told a court on ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Gemini says SEC lawsuit lacks merit, should be dismissedGemini has filed to dismiss the SEC’s lawsuit against the exchange, arguing that the regulator didn’t conclusively show the exchange sold unregistered securities.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Fintech firm Titan to pay over $1 million to settle US SEC chargesBy Chris Prentice NEW YORK (Reuters) - Fintech investment adviser Titan Global Capital Management USA LLC agreed to pay over $1 million to settle ...
Source: SaltWire Network - 🏆 45. / 63 Read more »