Jeff Drew has published an article on the Journal of Accountancy, titled “SEC proposes new rules for private equity.” The article begins as follows:
The SEC revealed plans Wednesday to require registered private fund advisers to provide investors with quarterly statements detailing select information regarding fund fees, expenses, and performance.
In a news release, the SEC provided details on a 341-page proposed rule designed to increase transparency, competition, and efficiency in the $18 trillion private-equity market.
“Private fund advisers, through the funds they manage, touch so much of our economy,” said SEC Chair Gary Gensler in the news release. “I support this proposal because, if adopted, it would help investors in private funds on the one hand, and companies raising capital from these funds on the other.”
Click here to see the full article: “SEC proposes new rules for private equity.”
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal