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Other Voices: Private equity - private no more

With its proposal, the SEC is effectively implying that institutional investors, despite their fiduciary duties and legal representation, regularly agree to fund terms they do not understand and thus must be protected like retail investors. ....

Hester Peirce , Vinson Elkins , Robert Seber , Exchange Commission , Investment Advisers Act , Commissioner Hester Peirce , Private Equity , Institutional Investors , Fund Terms ,