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The U.S. Securities and Exchange Commission is expected on Wednesday to finalize rules overhauling private fund disclosure requirements, banning certain fees and introducing other changes for the... -Today at 06:00 am- MarketScreener
The U.S. Securities and Exchange Commission, led by chair Gary Gensler, on Wednesday voted to overhaul private fund rules, one of several rule changes the agency has targeted at the country's funds sector. The SEC on Wednesday finalized a sweeping overhaul of private rules with the aim of increasing transparency and fairness in the industry which oversees more than $20 trillion in assets. The SEC in July finalized rules aimed at increasing the resilience of the $5.5 trillion money market fund industry.
By Chris Prentice and Yoruk Bahceli
Swiss lender Credit Suisse did not review all available records when it conducted an internal probe into the historical servicing of Nazi clients and Nazi-linked accounts, according to an... -Today at 03:07 pm- MarketScreener
A proposed Treasury Department rule would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.