SEC Still Weighing Next Steps in Court Over New Hedge Fund Rules
- Federal court struck down new regulation earlier this month
- Ether-based ETF application review ‘going smoothly’: Gensler
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Wall Street’s top regulator is still evaluating its next steps in trying to force hedge funds and private equity firms to disclose more about their fees, according to Securities and Exchange Commission Chair Gary Gensler.
Gensler said Tuesday the agency is assessing how to respond to an appeals court opinion earlier this month that blocked new SEC rules forcing firms to detail quarterly fees and more about their expenses to investors. The three-judge panel in New Orleans said the regulator had overstepped its authority in crafting the regulation.