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Future SEC leadership by end of 2024?
5
Resolution / Starting Odds
Gary Gensler • 25%
New Appointee by Biden Administration • 25%
Interim Chairperson • 25%
New Appointee by Next Administration • 25%
Official announcements from the SEC or major news outlets
Story
US Court Strikes Down SEC Hedge Fund Fee Disclosure Rule, Criticism of Gensler
Jun 5, 2024, 01:50 PM
A federal appeals court has struck down the US Securities and Exchange Commission’s (SEC) rules that required hedge funds and private equity firms to disclose quarterly fees and expenses to investors. The Managed Funds Association, which represents the hedge fund industry, emerged victorious in this legal battle. The ruling has sparked criticism of SEC Chairman Gary Gensler, with calls for his resignation. Critics noted the irony of the decision, highlighting the SEC's pursuit of Keith Gill, who is not a custodian of others' money.
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