Risk #9: What the New SEC’s First Year Signals for the Future of Private Fund Oversight

The SEC’s first year under Chair Paul Atkins, who was sworn in on April 21, 2025, has offered significant insight into the evolution of enforcement priorities, particularly for private fund managers. Following the more aggressive posture under former Chair Gary Gensler, the Commission has recalibrated its approach, yielding a more selective, resource-conscious enforcement program that places renewed emphasis on traditional fraud, clearer statutory grounding, and demonstrable investor harm.... By: Proskauer - The Capital Commitment