SEC: Rulemaking

"Each change to Form PF imposes additional costs on private fund advisers. The Commission fails to consider the cumulative costs of its proposed changes"

"More investor funds are flowing into these new or emerging spaces where our observability is significantly more limited than in the public markets. Making sure ...



"The proposal would expand reporting requirements about a large hedge fund’s open positions and certain large positions. These requirements would provide insight into the extent ...

"Today’s proposal stretches a very limited data collection tool beyond its intended purpose"

"The proposed amendments to Form PF are thoughtfully tailored and informed by more than a decade of experience with the form"

The commission’s proposals could cause fundamental shifts in standard practice and market structure, if turned into final rules.

The Commission publishes its regulatory agenda

"required FINRA membership for many of these currently-exempt firms would help enhance robust and consistent oversight"

"the proposal seems incompatible with a world in which multiple national securities associations operate. Rather, the proposal seems more likely to entrench FINRA further as ...