We previously noted that SEC Chair Gary Gensler suggested the SEC would adopt new rules governing SPACs because, in his view, SPACs are very similar to initial public offerings but lack protections available to traditional IPO investors. And now, the SEC has taken concrete steps to treat “like cases alike”
SEC Chair Gensler
2021 SEC Enforcement Results – Takeaways for Fund Managers
By Joshua M. Newville & Samuel J. Waldon on
On November 18, 2021, the SEC’s Division of Enforcement announced its Enforcement Results for Fiscal Year 2021, and there are a few key takeaways for fund managers.
- In spite of the continued headwinds posed by the global COVID-19 pandemic, the Commission brought 697 enforcement actions in FY 2021. The
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SEC Chair Gensler Signals SEC Policies for Private Funds
By Robert E. Plaze & David J. Marcinkus on
On November 10, 2021, SEC Chair Gensler gave an important speech identifying his regulatory priorities for private funds. Registered advisers should take note of the areas of concern Chair Gensler identified as we approach the new year.