SEC Proposes Joint Amendments to Form PF

Posted on August 26th, 2022 at 2:00 PM
SEC Proposes Joint Amendments to Form PF

From the Desk of Jim Eccleston at Eccleston Law.

The Securities and Exchange Commission (SEC) is determining whether procced with joint amendments with the Commodity Futures Trading Commission (CFTC) to Form PF, a reporting tool utilized by the SEC to protect retails investors and oversee systemic risk.

SEC Chairman Gary Gensler has voiced his support for the proposal, noting that the amendments would strengthen the quality of information included on all Form PF filers, with a heightened emphasis on large hedge fund advisers. The SEC previously proposed amendments to the SEC-only portions of Form FP in January 2022, which would strengthen reporting requirements for large private equity and large liquidity fund advisors.

However, the newest proposal involving the Commissions’ two joint sections on Form PF would expand reporting requirements for large hedge funds advisors on their hedge funds with at least $500 million in net asset value. Specifically, the proposal will require some fund managers to disclose the fund’s investment exposure, certain large open positions, and financing agreements with counterparties. In essence, the proposal’s expanded reporting requirements for large hedge funds and private equity funds seeks to improve visibility for regulators in this market segment while promoting transparency for retail investors.

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, advisors, sec, cftc

Return to Archive

TESTIMONIALS

Previous
Next

 


It was really fun seeing you fight for us. You have an amazing way of thinking out of the box.


 

Beth M.

LATEST NEWS AND ARTICLES

September 16, 2025
Former Morgan Stanley Advisors Win Partial Court Victory in Client Solicitation Dispute

Two former Morgan Stanley advisors in Hackensack, New Jersey have defeated Morgan Stanley’s initial effort to block them from soliciting clients, according to an August 15 order from New Jersey Superior Court.

September 15, 2025
California Young-Gun Investor Charged in Alleged $6 Million Ponzi Scheme

Federal prosecutors have accused Mihir Deepak Sukthankar, a California resident once celebrated as a teenage trading “prodigy,” of orchestrating a multi-million-dollar Ponzi scheme.

September 12, 2025
LPL Broker Fined and Suspended for Recommending Risky Investments to Elderly Client

An LPL Financial broker in Elizabethtown, Kentucky, has agreed to sanctions after FINRA found he violated Regulation Best Interest (Reg BI) when recommending unsuitable investments to an elderly customer.