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Hester Peirce on the SEC's new rules for Private funds activity that is contrary to the public interest: "The rulemaking is ahistorical, unjustified, unlawful, impractical, confusing, and harmful. Accordingly, I cannot support it."

Hester Peirce on the SEC's new rules for Private funds activity that is contrary to the public interest: "The rulemaking is ahistorical, unjustified, unlawful, impractical, confusing, and harmful. Accordingly, I cannot support it."

Thank you, Chair Gensler. The rulemaking is ahistorical, unjustified, unlawful, impractical, confusing, and harmful. Accordingly, I cannot support it. I. Ahistorical Until last month, a giant white oak tree stood near where I live in suburban Maryland. Known as the Linden Oak, this 300-year-old tree had witnessed a lot of

Commissioner Hester M. Peirce on the SEC's new rule certain broker-dealers join FINRA for oversight: "Because today’s recommendation rejects a common sense approach, I cannot support it."

Commissioner Hester M. Peirce on the SEC's new rule certain broker-dealers join FINRA for oversight: "Because today’s recommendation rejects a common sense approach, I cannot support it."

Source: Thank you, Chair Gensler. Establishing a regulatory framework that is generally consistent across similarly situated firms is an objective that should inform our rulemaking process. Pursuing this objective, however, is not the same as seeking to impose regulatory uniformity for its own sake, particularly when there are alternative and

SEC Commissioner Mark T. Uyeda: "Today, the Commission seeks to impose rules for private funds – which are generally available only for sophisticated investors – that are far more burdensome and restrictive than those products for retail investors."

SEC Commissioner Mark T. Uyeda: "Today, the Commission seeks to impose rules for private funds – which are generally available only for sophisticated investors – that are far more burdensome and restrictive than those products for retail investors."

"I am unable to support today’s rulemaking." Source: Thank you, Chair Gensler. In the Commission’s ongoing fight against crypto assets, it argued in Terraform that “[w]hen distinguishing between classes of investors, courts construe the federal securities laws’ provisions to provide more—not less—protection to

Mark T. Uyeda on SEC's new rule certain broker-dealers join FINRA for oversight:

Mark T. Uyeda on SEC's new rule certain broker-dealers join FINRA for oversight:

"Given the lack of evidence supporting this mandatory extension of FINRA membership, coupled with the clear potential for the unintended negative consequence of a reduction in liquidity, I am unable to support it" source: Thank you, Chair Gensler. Flawed Rationale in Support of the Amendments to Rule 15b9-1

"I want to address the critique that the SEC should play no part in the negotiations between sophisticated investors. To me these arguments ring hollow."

"I want to address the critique that the SEC should play no part in the negotiations between sophisticated investors. To me these arguments ring hollow."

"Relying on the parties’ sophistication alone, in the absence of regulation, will continue to leave investors exposed to unfair/harmful practices" Commissioner Caroline A. Crenshaw with fervent support for today's rule. Source: https://www.sec.gov/news/statement/crenshaw-statement-private-fund-advisers-082323 The Landscape Investor Base: As one legal

SEC Alert! SEC Enhances the Regulation of Private Fund Advisers. "The final rules will restrict certain other private fund adviser activity that is contrary to the public interest and the protection of investors."

SEC Alert! SEC Enhances the Regulation of Private Fund Advisers. "The final rules will restrict certain other private fund adviser activity that is contrary to the public interest and the protection of investors."

https://www.sec.gov/files/ia-6383-fact-sheet.pdf Press Release: The Securities and Exchange Commission today adopted new rules and rule amendments to enhance the regulation of private fund advisers and update the existing compliance rule that applies to all investment advisers. The new rules and amendments are designed to protect

NY Fed Survey: Expected likelihood of becoming unemployed rises. Meanwhile, conditional on expecting an offer, the average expected annual salary in the next 4 months increased sharply to $67,416 from $60,310 in July 2022, a new record.

NY Fed Survey: Expected likelihood of becoming unemployed rises. Meanwhile, conditional on expecting an offer, the average expected annual salary in the next 4 months increased sharply to $67,416 from $60,310 in July 2022, a new record.

Mean July 2022 $60,764 Wages on offers grew 14.3% year over year. The Fed is not going to like this for inflation! Mean wage July 2022:$60,310 Expectations of working longer rising... Wut Mean?: * The average full-time offer wage received rose sharply to $69,475. * The average