Wall Street Braces for More SEC Scrutiny of AI, Private Funds

The Securities and Exchange Commission is racing to safeguard its most consequential rules from any future changes in the administration or in Congress.

The SEC is targeting April to finalize almost two dozen rules, including those related to climate disclosure, according to the Biden administration’s regulatory agenda. More than a dozen other rule proposals are also in the works.

The anticipated activity builds on previous busy months, in which the SEC has adopted rules that include requiring funds to disclose more information about their fees and about short-sale transactions.

Source: Wall Street Braces for More SEC Scrutiny of AI, Private Funds