How much more aggressive will the SEC be in its approach towards private funds and their managers? That will depend largely on whether Mr. Gensler is confirmed as Chair and who is selected as the next Director of Enforcement, as well as the SEC’s budget and ability to hire additional staff. But regardless, private fund managers should anticipate far more scrutiny from the SEC and take steps now – including carefully reviewing and tightening their compliance programs – to prepare.
Source: Biden’s SEC Enforcement What Should Private Fund Managers Expect?
