Home Life Insurance New SEC Supplier Rule Will Hit Personal Funds: SEC Roundup

New SEC Supplier Rule Will Hit Personal Funds: SEC Roundup

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New SEC Supplier Rule Will Hit Personal Funds: SEC Roundup

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Welcome to SEC Roundup, a bimonthly video sequence by former Securities and Alternate Fee senior trial counsels Nick Morgan and Tom Zaccaro, founders of the nonprofit advocacy group Investor Alternative Advocates Community.

On this episode, Morgan talks with the Different Funding Administration Affiliation’s Suzan Rose in regards to the lately finalized SEC guidelines concerning securities sellers, which Rose says develop the scope of broker-dealer registration to entities not historically thought-about as such, marking a considerable departure from longstanding practices.

Rose underscores the potential ramifications for companies, significantly fund managers and personal funds, whose operations could not align effectively with broker-dealer necessities.

A key concern raised is the open-ended nature of sure provisions inside the guidelines, leaving room for interpretation and granting the SEC appreciable discretion of their utility. Whereas some problematic requirements had been dropped from the ultimate rule, the remaining provisions nonetheless pose challenges, particularly concerning the potential classification of fund managers as sellers.

See the video above for the dialogue with Rose.

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