SEC Proposes Extensive Private Fund Reforms

Thoughtware Alert Published: Feb 21, 2022
Audit, Accounting and Assurance Practice

After the 2007 financial crisis, the Dodd-Frank Act increased the SEC’s oversight of private funds, which broadly encompasses hedge funds, private equity funds, and venture capital funds. On February 9, 2022, the SEC approved a proposal to update the Investment Advisers Act of 1940 to expand the regulation of private fund advisers. This article provides details on the new rules. 

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