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MFA statement on the final SEC Dealer Rule

Washington, DC —Bryan Corbett, President and CEO of the MFA, issued the following statement regarding the final SEC Dealer Rule:

The SEC’s final Dealer Rule is a significant improvement from the proposal and provides recognition that regulating alternative asset managers as dealers will harm markets and the broader economy. MFA will continue to review the final rule to assess if our members’ investment activities are harmed by the Commission’s dealer definition. Alternative asset managers are not dealers, and MFA is concerned that the Rule may not go far enough in excluding them and private funds from being regulated as dealers.” – Bryan Corbett, MFA President and CEO




About the Global Alternative Asset Management Industry

The global alternative asset management industry, including hedge funds, credit funds, and crossover funds, has assets under management of $5.5 trillion (Q4 2022). The industry serves thousands of public and private pension funds, charitable endowments, foundations, sovereign governments, and other global institutional investors by providing portfolio diversification and risk-adjusted returns to help meet their funding obligations and return targets.

About Managed Funds Association

Managed Funds Association (MFA), based in Washington, DC, New York, Brussels, and London, represents the global alternative asset management industry. MFA’s mission is to advance the ability of alternative asset managers to raise capital, invest, and generate returns for their beneficiaries. MFA advocates on behalf of its membership and convenes stakeholders to address global regulatory, operational, and business issues. MFA has more than 175 member fund managers, including traditional hedge funds, credit funds, and crossover funds, that collectively manage nearly $3.2 trillion across a diverse group of investment strategies. Member firms help pension plans, university endowments, charitable foundations, and other institutional investors to diversify their investments, manage risk, and generate attractive returns over time.

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