Observations
Sep 25, 2023The US Securities and Exchange Commission (SEC) has approved a reform package that will significantly affect how the $27 trillion private fund industry interacts with investors. The reforms, passed by a 3-2 vote, reflect the most substantial changes in over a decade for the lightly regulated and rapidly growing sector.
Observations
Nov 01, 2022Last week, the US Securities and Exchange Commission (SEC) voted to adopt rules requiring companies to recoup bonuses from executives when compliance lapses result in the need to restate their financials. The so-called "clawback rules” — mandated by Congress following the Global Financial Crisis but left unfinished since 2015 — were finalized with a 3-2 vote among SEC Commissioners.
Observations
Jul 25, 2022
