Will the Securities and Exchange Commission allow an extended comment period on its proposed rule changes impacting private advisers? The question is being whispered among private equity compliance teams nationwide as the prospect of heightened filing and disclosure requirements are expected to increase costs and hours devoted to compliance. Let’s turn to 21-year agency veteran and Kroll’s head of financial services compliance Ken Joseph to help parse the labyrinthine proposed restrictions, and to get color on whether the timeline is likely to stick.
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