Political Quotes

Jack Reed: “Private markets are notoriously opaque. Unlike other financial institutions, private equity funds and hedge funds are…”

On the recordMay 31, 2023
Private markets are notoriously opaque. Unlike other financial institutions, private equity funds and hedge funds are exempt from requirements to maintain anti-money laundering programs.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Senator Reed highlights the lack of transparency in private equity and hedge funds regarding anti-money laundering.

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