Bill Myers
Early draft of legislation protects 'loophole,' targets cuts to Biden-era stimulus, affiliate Private Funds CFO has learned.
Under the no-action guidance letter for rule 506(c), funds will be allowed to assume that investors who can write a check to cover the minimum standards for accreditation meet the statute’s wealth thresholds.
The debate over taxing carried interest has returned, as President Trump looks to prioritize middle-class tax relief.
Court hands big victory to private funds. Rifts in LP community may have aided the downfall of the regulatory package.
The industry has long fought off attempts at this kind of regulation, but many seem to accept it as inevitable, if not necessary.
With two major rule packages pending, SEC presses firms on how they are managing cyber-risks.
The new rules are softer than the original proposal, but they still impose rigid disclosures on exempt advisers.
Many of the nation's largest venture capital firms must adhere to new rules adopted today by a divided U.S. Securities and Exchange Commission.
Aides to SEC chairman Gary Gensler have told private fund reform advocates to dial back their expectations so the chairman can focus on ESG and market structure proposals.
Earlier efforts to reform carried interest taxation had stalled, before US Senator Joe Manchin announced on Wednesday that he and Senate Majority Leader Chuck Schumer had worked out a deal.