In dissent, Commissioner Peirce said the new rules will harm investors, while Commissioner Uyeda called them ‘arbitrary and capricious.’
AI has been a topic of interest for Gensler lately, and this likely marks the first confirmation that the SEC is already working on the issue.
Certain hedge fund and private equity fund advisers will now have to report specific triggering events to the SEC.
The full House Committee on Financial Services has scheduled an oversight hearing for the SEC next week, when climate disclosure will likely be a high priority.
Gensler defended the SEC’s climate disclosure rules at a CII conference.
Odds are strong that Republicans will prevail in the midterms. Look out IRS and SEC.
Reality TV star also agreed not to promote digital tokens for three years for failing to disclose promotional payment.
Regulators cite rapid growth and the increased complexity of the private fund industry for need to amend confidential filing rules.