Wall Street Calls on the U.S. SEC to Lift Ban on Private Asset Trading

robot
Abstract generation in progress

ME News Report, April 22 (UTC+8), some lobbyists from major Wall Street alternative asset management firms are requesting regulators to relax related regulations to allow asset trading between funds managed by the same company. They argue that this move will promote the use of private assets in retirement accounts. Representatives from the Alternative Investment Management Association, including firms like Blackstone Group and Apollo Global Management, are urging the U.S. Securities and Exchange Commission to lift the current ban on so-called private asset cross-trades. As this initiative is launched, alternative asset management companies are preparing to enter 401(K) retirement savings plans and other similar retirement savings programs. (Source: PANews)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin