Atkins hints at stripped-down rules, wonders ‘whether we can reduce the number of advisers required to file the form;’ Crenshaw sees Commission ‘weaseling’ out of law.
A lawsuit challenging the SEC’s accredited investor standards could accelerate democratization, Uyeda sees valuations as ‘key,’ endowments’ year of living dangerously and the commission may extend the Form PF deadline (again).
SEC Chairman Paul Atkins has promised to do everything he can to ‘harmonize’ the public and private markets. He’s also promised to take a hard line on those who abuse retail investors’ trust.
Trump’s 401(k) reform will accelerate the democratization of private markets and permanently reshape the job market in legal and adjacent fields, write two executives from recruitment firm Major, Lindsey & Africa.
California takes a fresh run at private funds in healthcare, Atkins releases his first agenda, global finreg fines soar and much more.
There is an often-overlooked $17trn market where the mid-market and smaller managers can compete within their own weight class for retirement capital, writes Eric Satz, founder and CEO of self-directed IRA platform Alto.
The rules governing retail investment advisers, broker-dealers and pension fiduciaries may not be private fund managers’ problem, but they’re about to become (part of) managers’ responsibilities.
As regulatory priorities shift, so do industry worries.
GPs should temper their hopes for accessing retail investors, as that access will certainly come with new burdens and additional risks.
Regulators (and fund managers) have a lot of work ahead of them as Washington embraces harmonization.