SEC Still Weighing Next Steps in Court Over New Hedge Fund Rules

Gary Gensler News

SEC Still Weighing Next Steps in Court Over New Hedge Fund Rules
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(Bloomberg) -- Wall Street’s top regulator is still evaluating its next steps in trying to force hedge funds and private equity firms to disclose more about ...

-- Wall Street’s top regulator is still evaluating its next steps in trying to force hedge funds and private equity firms to disclose more about their fees, according to Securities and Exchange Commission Chair Gary Gensler .Gensler said Tuesday the agency is assessing how to respond to an appeals court opinion earlier this month that blocked new SEC rules forcing firms to detail quarterly fees and more about their expenses to investors.

“At the core, what we were seeking to achieve as a commission was greater transparency to investors, not to the public, but the investors in these funds,” said Gensler. A Republican lawmaker announced Monday that she will force a vote soon to direct the House sergeant-at-arms to take the attorney general into custody by using a hardly used or discussed House procedural tool.Bankers who helped Putin's friend move millions via Swiss bank accounts lose appeal

It’s anyone’s guess at this point how Donald Trump intends to actually deliver on his claim that he’ll quickly end Russia’s war in Ukraine if he wins the presidential election in November. But his advisers are starting to share details of one potential course of action which could force Kyiv into deciding to negotiate with Vladimir Putin or face the prospect of being deprived of vital American weapons.

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