• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

US private funds ask Trump transition team for SEC reform, pro-growth taxes

by November 14, 2024
written by November 14, 2024

By Chris Prentice

NEW YORK (Reuters) – A top U.S. lobbying group for hedge funds and private equity firms on Thursday asked Donald Trump’s transition team to review “harmful” private fund regulations and preserve “pro-growth tax policies,” according to a letter seen by Reuters.

Wall Street lobby groups, which have chafed under the Biden administration’s regulators, are readying their wish lists for the U.S. President-elect’s new Republican administration, which has promised to slash rules and cut taxes, Reuters reported last week.

On Thursday, the Managed Funds Association (MFA), which has sued the Securities and Exchange Commission (SEC) under Biden to overhaul several new private fund rules, called on Trump’s incoming administration to overhaul the agency’s agenda and review recent rulemakings.

“Now is the time to turn the page on the current SEC agenda and leave behind misguided policies that have harmed markets, investors, and the economy,” MFA President and CEO Bryan Corbett wrote in the letter, which was first reported by Reuters.

Biden administration regulators, led by the Treasury, have also been scrutinizing systemic risks posed by non-banks and private funds. Corbett called for policymakers to embrace alternative assets as a driver of economic growth.

“The diversification provided by private funds is a key fixture in stabilizing financial markets and diffusing risk,” Corbett wrote.

Regarding taxes, which Congress is likely to review next year with Republicans controlling both chambers, Corbett said provisions that incentivize long-term investments should be preserved, most notably the current treatment of carried interest as a long-term capital gain.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Blue Origin, AST Spacemobile ink New Glenn rocket launch deal
next post
Morning Bid: Powell says no rush needed on more rate cuts

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • US stock futures steady after Trump victory spurs record highs; Fed in focus
    • Sanofi in talks to sell 50% stake in consumer health business to CD&R

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy