U.S. Securities and Exchange Commission Chair Gary Gensler. Courtesy photo SEC Chair Gensler Defends Embattled Private Fund Adviser Rule After 5th Circuit Defeat
"What we did in [the private fund adviser] rule, I think, was to help investors in private funds get quarterly statements on their fees, performance and any side deals with other investors," Gary Gensler said. "We thought and believed that it was within the law."
June 13, 2024 at 06:47 PM
3 minute read
U.S. Securities and Exchange Commission Chair Gary Gensler on Thursday defended the agency's decision to regulate private fund advisers despite a federal appellate court's decision that the SEC exceeded its statutory authority.
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