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US private funds, Hedge Funds sues securities regulator over new rules. New disclosure rules have hedgies big mad!

US private funds, Hedge Funds sues securities regulator over new rules. New disclosure rules have hedgies big mad!

TLDRS: * New disclosure rules have hedgies big mad * "The final rules will restrict certain other private fund adviser activity that is contrary to the public interest and the protection of investors." * Will require private fund advisers registered with the Commission to provide investors with quarterly statements detailing certain

Fed, FDIC, Comptroller of Currency & OPEN Comment Alert! Proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity."

Fed, FDIC, Comptroller of Currency & OPEN Comment Alert! Proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity."

TLDRS: * New proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity." * Comments due by 11/30/23. * "Historical experience has demonstrated the impact individual banking organizations can have on the stability of

CFTC requests public comment for the proposed renewal of collection of information for the 'Disclosure and Retention of Certain Information Relating to Cleared Swaps Customer Collateral'.

CFTC requests public comment for the proposed renewal of collection of information for the 'Disclosure and Retention of Certain Information Relating to Cleared Swaps Customer Collateral'.

Source: https://public-inspection.federalregister.gov/2023-18592.pdf What is being collected: * Section 22.2(g) requires each FCM with Cleared Swaps Customer Accounts to compute daily the amount of Cleared Swaps Customer Collateral on deposit in Cleared Swaps Customer Accounts, the amount of such collateral required to be on deposit

U.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by Brokers. OPEN for comment!

U.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by Brokers. OPEN for comment!

Source: https://public-inspection.federalregister.gov/2023-17565.pdf How to comment: * www.regulations.gov (use IRS and REG-122793-19 to identify your submission) * 60 days is October 28th, 2023 60 days is October 28th, 2023 Press Release: The U.S. Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS)

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