The US Securities and Exchange Commission has scheduled a meeting for 22 June to consider extending the SEC registration deadline and to adopt final rules.
The programme requires the US Securities and Exchange Commission to create an office that works with whistleblowers, who could set their sights on private equity firms.
New York state will enforce a permanent ban on elected officials, lobbyists and all placement agents, whether paid or unpaid, from doing business with New York’s giant pension fund.
Former New York state comptroller Alan Hevesi was sentenced to up to four years in prison for his involvement in New York’s massive pension pay-to-play scandal that rocked the placement agent world.
Now that the US Congress has avoided a government shutdown by passing a 2011 budget, attention shifts to the 2012 budget. A carried interest tax hike could be likely to help pay for other spending cuts.