SEC regulations will make it much more expensive and costly for pension managers to operate their funds and generate returns, according to an industry expert.
into their investment decisions for the retirement funds of more than 152 million Americans.
Gary Gensler, chairman of the US Securities and Exchange Commission , during a House Appropriations Subcommittee hearing in Washington, DC, US, on Wednesday, March 29, 2023. Corbett predicts there are three main drivers based on talking with Chair Gensler, his staff at the SEC and other market participants.
Instead, Corbett said the MFA wants to create a market that encourages new funds to launch with new market participants. "That's what creates the vibrancy in the U.S. capital markets and makes us the most competitive market in the world," he explained. "It's why we're the biggest, most liquid and when we adopt rules that undercut those objectives, we really damage our position in the global marketplace.
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