The chairman of the U.S. Securities and Exchange Commission (SEC) is voting to propose enhancing hedge fund disclosures for the sake of industry oversight and investor protection.
Chairman Gary Gensler has told reporters the SEC will vote on proposed changes to Form Private Fund (PF), a quarterly filing that details the purchases and sales of securities, under the mandate of the Dodd-Frank law. Gensler was not very specific about the proposed changes, but the forms have drawn scrutiny for the past year, when hedge funds were at the center of the saga involving GameStop . . .
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