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Prepared Remarks before the Small Business Capital Formation Advisory Committee

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

Summary written by Dark Majestic in its own words · topics: development and emerging economies

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiPrepared Remarks before the Small Business Capital Formation Advisory Committee

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe SEC chair notes that private funds now outweigh US banks, raising questions about oversight.

Problems raised
  1. The private fund sector now exceeds US banking in size.
  2. New fund managers face entry challenges.
  3. Access to capital is not equal for all.
Solutions proposed
  1. Keep the exemptions Congress designed in context.
  2. Hear the committee on emerging managers' challenges.
  3. Ensure equal access to capital markets for everyone.
Read full speech on sec.gov ↗

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