Bill Myers
'A lot of fees and potential conflicts inherent,' says chairman Gary Gensler.
The Institutional Limited Partners Association's requests are in line with new SEC chairman Gary Gensler and his wants.
Experts see SEC chairman Gary Gensler moving away from more access to venture capital, private equity and hedge funds and toward more transparency.
Reg D reform, once consigned to bottom of SEC's to-do list, rockets to the top.
Arbitrage pioneer Guy Wyser-Pratte is keen on SPACs as a way to bring retail investors into private funds. SEC regulators aren't so keen.
The VC's tweet came within moments of a risk alert from the SEC.
Regulators last week issued the second warning of the year on the booming SPAC market. Democrats are skeptical of them and regulation may be coming.
New guidelines clear away a web of no-action letters and provide new guidance, possibly opening up the opportunity for private funds to innovate, but coming with their own complexities.
SEC staff is reminding special purpose acquisition companies that they'll have to do a thorough disclosure of potential conflicts as the industry explodes.
David Wagner and Marc Lawrence face up to 20 years in prison and must pay millions in restitution. Their case brings up the issue of overhauling unregistered private funds and what Regulation D filings allow.