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SEC overhauls private fund rules to enhance transparency, control fees

Image of Gary Gensler, Chair of the SEC.
Photo: Alex Wong/Getty Images

The US securities regulator on Wednesday approved sweeping new rules aimed at overhauling the way private funds interact with their investors.

The US SEC has voted, with two commissioners dissenting, to usher in new rules and overhaul the $18trn private fund marketplace in ways that will have an impact on this fast-growing sector – but not as profoundly as many had feared.

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