February 21, 2022
This rule proposal could be monumental. \"Where are the client's boats?\". This rule is great, fund managers are managing their client's funds, putting their money at risk, while the managers only have to worry about their net worth. Clients should know what they are paying for, especially when fees in this industry are usually exorbitant. Fund managers need to be check-in on more, they have received much leeway during past financial crises, while being able to retain bonuses at the point of business failure.