An article published by FundFire on Nov. 20 titled “What Will Maxine Waters Do for Asset Managers?” discusses how Congresswoman Maxine Waters, the incoming chair of the influential House Committee on Financial Services, might impact asset managers. Insights from investment management counsel David Tittsworth are included in the piece. “Asset managers should focus on the work of their primary regulator – the SEC – which has laid out an ambitious set of rulemaking,” says Mr. Tittsworth in the article. “Where the action is going to be is in the agencies. For asset managers that’s the SEC and it’s perhaps the most active agenda for asset managers that I’ve seen in twenty years," he adds. “Areas the SEC is targeting include fund-of-funds, custody and advertising, in addition to Regulation Best Interest,” Mr. Tittsworth highlights.
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