MFA Statement on U.S. Securities and Exchange Commission Open Meeting

WASHINGTON, D.C. – Managed Funds Association President and CEO Bryan Corbett today issued the following statement following the U.S. Securities and Exchange Commission’s open meeting:

“We share the SEC’s objective in modernizing financial markets and I’m pleased to see the SEC’s efforts in shortening the settlement cycle for securities consistent with MFA’s recently released market structure recommendations.

“The SEC’s proposed additional regulations on private funds will harm the most sophisticated investors, including pensions, endowments, and foundations, who rely on these funds to serve their beneficiaries. The agency’s treatment of private funds as if they were serving retail investors is misguided.”