Non-Traded Alt Equities Raise $16.8 Billion So Far:The DI Wire reports that 2024 investments in alternative assets totaled $16.8 billion through February 2024, according to the latest numbers from Robert A. Stanger & Co., Inc. Non-traded business development companies monthly fundraising has exceeded $2 billion raised per month since September 2023 and is on pace to raise $30 billion dollars
ADISA Board President Jade Miller Interviewed:The DI Wire interviewed Jade Miller – president of the board of directors for ADISA and president of capital markets for Bourne Financial Group – on the latest alternative investment trends
and opportunities, as well as recent legislative and regulatory news.
SEC Climate Rules Suits Consolidated: Reuters reportsthat the many lawsuits challenging the Securities and Exchange Commission's new public company climate disclosure rule will be heard on a consolidated basis in the 8th U.S. Circuit
SEC’s Gensler Defends Climate Rule:Pensions & Investments reports that SEC Chair Gary Gensler said last week that mandatory disclosures are beneficial to
investors, citing the SEC’s new climate disclosure rule as an example.
DOL Defends ESG Rule at 5th Circuit:PLANADVISOR reports that the Department of Labor’s rule allowing retirement plan fiduciaries to consider environmental, social and governance factors in their investment decisions is consistent with the Employee Retirement Income Security Act of 1974, the
department said in response to an appeal challenging the rule.
SEC Issues Transaction Settlement Risk Alert: The SEC Wednesday released a risk alert, reports ThinkAdvisor, about the upcoming transition on May 28 to T+1, the shortening of the securities transaction settlement cycle for most broker-dealers
from two business days after the trade date to one.
GOP Senators Pan Biden Tax Proposals: CQ/Roll Call reports that Senate Republicans took aim last week at nearly $5 trillion in tax increases in President Joe Biden’s fiscal 2025 budget request, saying the higher levies on corporations and upper-income households would undermine economic growth and ultimately harm
House Panel Wants Independent Contractor Rule Repealed:InvestmentNews reports that a House committee has advanced a resolution to repeal a contentious Biden administration rule that sets stricter criteria for businesses classifying workers
CBO Says Massive Debt Could Trigger Market Crisis:Financial Times reports that the U.S. fiscal burden is on an unprecedented trajectory, says Phillip Swagel, director of the Congressional Budget Office, warning the country could face a market crisis like the one that led to the collapse of the government of former UK
Democratic Senators Want Final DOL Fiduciary Rule:Pensions & Investments reports that nine Democratic senators urged the Labor Department and Office of Management and Budget to quickly finalize the DOL’s proposed rule amending the
Sen. Rounds Leads Effort Against SEC SCI Expansion:Financial Regulation News reports that Sen. Mike Rounds (R-SD) is leading a group of eight Senate Republicans who are opposed to a proposal by the SEC to expand Regulation
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