DOGE’s overhaul of SEC targets SPAC and private fund rules

Investing.com -- The Department of Government Efficiency (DOGE) is pushing the U.S. Securities and Exchange Commission (SEC) to ease regulations on blank-check companies and private investment funds, according to a Reuters report on Tuesday.

DOGE officials have recently requested meetings with SEC staff to discuss relaxing what some companies view as burdensome regulations. The discussions have focused on potentially reworking rules adopted during the Biden administration last year that govern Special Purpose Acquisition Companies (SPACs) and requirements for private investment advisers to confidentially report more data to regulators.

This regulatory rollback effort is part of President Donald Trump’s broader initiative to reduce government oversight to stimulate economic growth.

The report indicates that DOGE’s involvement in policy development has created tension with some SEC officials, who have expressed concerns about a White House initiative influencing the work of what has traditionally been viewed as an independent agency.

White House spokesperson Taylor Rogers stated that DOGE was working with the SEC "to more efficiently maintain fair and orderly markets while protecting everyday investors." Rogers added that under Trump’s leadership, SEC Chairman Paul Atkins would ensure the United States remains "the best and most secure place in the world to invest and do business."

You May Also Be Interested In

• Citadel unwinds 80% of Aschenbrenner’s portfolio risk - report
• North Korea dismisses US military drill cuts, denies Trump talks
• Global yield relief evaporates as U.S. rates push back toward multi-decade peaks