{"id":543647,"date":"2022-02-10T03:53:22","date_gmt":"2022-02-10T03:53:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/10\/the-us-securities-regulator-wants-a-look-in-the-books-of-private-funds-tech-stocks-fuel-a-market-comeback\/"},"modified":"2022-02-10T03:53:22","modified_gmt":"2022-02-10T03:53:22","slug":"the-us-securities-regulator-wants-a-look-in-the-books-of-private-funds-tech-stocks-fuel-a-market-comeback","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/10\/the-us-securities-regulator-wants-a-look-in-the-books-of-private-funds-tech-stocks-fuel-a-market-comeback\/","title":{"rendered":"The US securities regulator wants a look in the books of private funds + tech stocks fuel a market comeback"},"content":{"rendered":"

<\/a> Hedge funds and private equity firms are going the have to make a lot more information public if the <\/strong>Securities and Exchange Commission (SEC)<\/strong> gets its way. <\/strong>The SEC gave preliminary approval to proposals that would force both types of firms to disclose more information in a bid to improve their transparency, the Wall Street Journal<\/a> reports. If passed, the proposals would require annual audits of private funds, quarterly performance and fee disclosures, and written policies to mitigate cybersecurity risks. The watchdog also called for rules cutting the time required for stock and bond trades to be finalized.<\/p>\n

With IPOs on the out, private investors are set to see more scrutiny: <\/strong>Volatility in the US markets that has seen the S&P 500 lose nearly 4% since the start of the year means fewer companies are looking to go public \u2014 and more are turning to private sources to raise capital instead, the Financial Times reports. Private equity buyouts surged 133% to USD 818 bn in the first three quarters of 2021, on the back of a record year for M&As, according to Reuters<\/a>.<\/p>\n

That said, US markets could be staging a comeback:<\/strong> The S&P500 extended Tuesday\u2019s rally yesterday, buoyed by the comeback in tech stocks that saw them recover about half of this year\u2019s losses, Bloomberg<\/a> reports. The Nasdaq also posted its biggest daily gains so far this month, with stronger-than-expected earnings reports from Uber<\/a> and Walt Disney (pdf)<\/a> pushing the index higher, as well as dip-buying on Meta shares. Last week, Meta and Spotify saw their shares fall sharply<\/a> after posting disappointing forecasts.<\/p>\n

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Also worth knowing about this morning:<\/strong><\/p>\n