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SEC May Require Fund Managers to Disclose Staff Diversity Data

  • Gensler has asked agency to examine industry transparency
  • He wants industry to better represent diversity in the U.S.
Gary Gensler
Gary GenslerPhotographer: Andrew Harrer/Bloomberg

U.S. Securities and Exchange Commission Chair Gary Gensler said the agency is examining whether to require asset managers to bolster disclosure of workforce and management diversity.

“I have asked SEC staff to consider ways that we can enhance such transparency,” Gensler said Wednesday at an SEC event. That could include requiring disclosure of “aggregated demographic information about an adviser’s employees and owners,” he said.