Senators Ask Treasury and S.E.C. to Close Oligarch Investment Loophole
Senators Elizabeth Warren and Sheldon Whitehouse called on regulators to interpret oversight powers more broadly to cover hedge funds, private equity firms and more.
Senators Elizabeth Warren and Sheldon Whitehouse called on regulators to interpret oversight powers more broadly to cover hedge funds, private equity firms and more.
The former Treasury secretary has attracted investment from Saudi Arabia’s sovereign wealth fund.
The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.
