Powers, Kornfeld, Ferguson Lead Discussion Regarding Future of SEC, Hedge Fund Industry under Trump

News / May 9, 2017

Partner Marc Powers, national leader of the securities litigation and regulatory enforcement, and hedge fund industry teams, and Partner Mark Kornfeld, who is a member of the securities litigation and hedge fund teams, are quoted in an article published May 4, 2017, by the Hedge Fund Law Report. The article, “BakerHostetler Panel Analyzes the Trump Effects on the SEC’s Initiatives and Enforcement Efforts,” reports on the recent BakerHostetler program, “100 Days In: What Hedge Funds Can Expect from Congress, the SEC and the Trump Administration,” which was moderated by Kornfeld and featured Powers, Senior Advisor Mike Ferguson, former SEC Commissioner Troy Paredes, and Marie Noble, general counsel for SkyBridge Capital.

Powers’ remarks covered the nomination of Jay Clayton to head the SEC, as well as potential changes in the SEC’s enforcement philosophy and investigations. Ferguson commented on Trump’s effect on the political establishment and his legislative priorities.

Paredes, the founder of Parades Strategies, LLC, said the question is whether the SEC will be “a chaos organization or … a macroeconomic-policy-capital-formation organization” in the future. Noble noted that she believes Trump is a “pro-business, pro-growth, pro-jobs president,” and that there is room for consensus on infrastructure spending and tax reform.

Read the article.