Two Republican members of the U.S. House have sent a letter to the Securities and Exchange Commission questioning whether federal securities regulators should spend so much of their time conducting compliance examinations of private equity fund advisors.
Jeb Hensarling, House Financial Services Committee Chairman, and New Jersey Republican Scott Garrett, who chairs the capital markets subcommittee, said in their letter that they believe the SEC examination process is costly, inefficient and inflexible.
The Dodd-Frank Wall Street reform law gave the SEC authority to regulate private equity funds and hedge funds in 2010.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
