July 19, 2022

Walé Oriola Comments on Proposed SEC ‘Dealer’ Rules With Risk.Net

In an article titled “Hedge Funds Warn SEC Dealer Rule is ‘Unenforceable’,” Risk.net turned to investment management counsel and former Securities and Exchange Commission (SEC) attorney Walé Oriola for his commentary on United States hedge funds that could be affected by two proposed rules from the SEC.

“We’ve heard a lot of chatter about the qualitative factors, and how those would be complex and confusing to apply, in the sense that the examination function of the Commission could interpret the requirements differently at different times,” said Oriola.  

Oriola noted that SEC Chair Gary Gensler signaled publicly that he specifically wanted to bring large hedge funds further inside the regulatory perimeter for financial stability reasons. “It’s the broader view that the private fund industry has certain systematic risks associated with the type of activities they can engage in,” he added.

The full article is available for Risk.net subscribers.

全文
The Faegre Baker Daniels website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Baker Daniels' cookies information for more details.