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SEC urges greater scrutiny of private asset valuations

privateequitywire

13 hours ago

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The US Securities and Exchange Commission has issued a reminder to asset managers, auditors and other market participants to strengthen their approach to valuing private assets and explaining those valuations to investors as liquidity pressures across private markets increase, according to a report by Bloomberg.
A joint statement from the SEC’s Office of the Chief Accountant and Division of Investment Management does not introduce new requirements, but highlights existing obligations around fair...

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