U.S. Securities and Exchange Commission building in Washington. Photo: Diego M. Radzinschi/ALM SEC Adopts New Rules for Private Fund Advisers, Drops Strict Provisions
"By enhancing advisers' transparency and integrity, we will help promote greater competition and thereby efficiency," SEC Chair Gary Gensler said.
August 23, 2023 at 07:01 PM
4 minute read
Investments and Investment Advisory
The U.S. Securities and Exchange Commission on Wednesday adopted rules requiring registered private fund advisers to disclose quarterly performance to ensure greater investor transparency but struck stricter provisions from the rules as they were proposed last year.
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