The plans are the latest in a string of new regulations that require hedge funds to share more information.
Gensler has also been sounding the alarm on AI's ability to spark a future financial meltdown.
Three futures industry executives say the former N.J. governor's comeback attempt should be halted.
The rules adopted Wednesday will require private funds to detail quarterly fees and expenses to investors.
The new rules would require hedge funds and private equity firms to disclose details of what they charge investors.
The SEC alleged that documents filed by Digital World in 2021 were “materially false.”
The regulator's rules are meant to discourage runs and shield remaining shareholders from costs tied to redemptions.
The agency has reportedly called the filings insufficient.
The battle is over whether U.S. firms should be made to charge clients separately for investment analysis.
Prosecutors are reviewing stock trading by employees during the bank's recent collapse.
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