The study of the accredited investor definition highlighted the lack of emphasis on sophistication and the growing number of qualified households.
The regulating body breaks with its previous skepticism of projected performance, but only for qualified purchasers and institutional investors.
Officials from the two regulatory groups outlined common missteps discovered while enforcing regulations covering conflicts of interest and trade execution.
Gensler also defended the SEC’s market structure proposals and discussed the future of artificial intelligence in the financial industry.
The regulator accused the firm of failing to maintain control of billions of dollars of margin securities.
Asset Management Culture
One of the most notable female leaders in finance has accepted two new leadership positions after her exit from Bridgewater.
Gary Basralian admitted to stealing at least $2 million from his clients.