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.

Share

More from Jack Reed

Jul 21, 2026

This measure is a tribute to Senator Graham’s tenacious, bipartisan work in support of Ukraine.

ernst.senate.gov
Aug 28, 2026

Six months later, not a single objective has been achieved. Indeed, he has weakened our position in the Middle East and the world significantly.

cbsnews.com
Sep 2, 2026

A blatant abuse of power and taxpayer dollars.

cbsnews.com
Sep 29, 2026

RIPTA strives to provide affordable and accessible transportation to all, but that mission is jeopardized.

rhodeislandcurrent.com

Other voices in this conversation