Foley Partner Margaret Nelson was quoted in the Regulatory Compliance Watch article, “SEC wants admissions, bars, Grewal says,” about private funds and how they will be watched more closely moving forward.
“I think there’s an awareness that private funds are going to be more under the microscope,” said Nelson. “The initial thinking was that, with private funds, you needed to worry less about because they have institutional investors. You can see in Gensler’s most recent testimony, however, the focus on pensions—there’s an awareness that private funds have mom and pop investors behind them, even if indirectly.”
