U.S. Securities and Exchange Commission seal in Washington. Photo: Diego M. Radzinschi/ALM SEC Set to Require Fund Advisers to Disclose Performance, Fees, Expenses
Stringent requirements will mark a "fundamental shift" in how the agency regulates investment advisers, attorney Ryan Swan said.
August 22, 2023 at 12:54 PM
4 minute read
The U.S. Securities and Exchange Commission is poised to adopt strict rules that will require registered private fund advisers to disclose quarterly performance, fees and expenses.
The SEC is set to vote Wednesday to adopt the rules during an open meeting, much to the industry's dismay.
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