David Bahnsen writes about a proposed rule change from the Securities and Exchange Commission:
The Securities and Exchange Commission (SEC) released a new proposed rule on January 26, seeking to substantially change reporting requirements for private funds of capital — that is, private equity, private debt, hedge funds, and other asset managers.
While the proposal did not capture a lot of press attention, it should have. The scope and implication of the proposed rule ought to concern defenders of free enterprise and coherent capital markets.
Read the whole thing here.