The tenor and tone of the SEC under Chair Gary Gensler is still taking shape, which has left much of the private funds industry on tenterhooks as to what the future holds. To fill that knowledge gap, industry experts and former SEC staff members are leaning on their past experience to forecast how and what the SEC will focus on in future examinations and enforcement actions. In that vein, Dechert recently hosted a panel to discuss what the private funds industry can expect from the SEC under Gensler. The discussion was moderated by Dechert partner Catherine Botticelli and featured Bruce Karpati, partner and global CCO at KKR; Scott Weisman, managing director and global CCO at Bain Capital; and Guy F. Talarico, founder and CEO of Alaric Compliance. This article highlights the key takeaways from the webinar, including the likelihood of increased compliance enforcement cases under Gensler; the ramifications of the new task force that was formed to focus on environmental, social and governance issues; practical tips for dealing with the SEC; and key areas of focus as to special purpose acquisition companies and cybersecurity. See “Anticipating SEC and CFTC Enforcement Priorities Under the Biden Administration
” (Mar. 18, 2021); and “The SEC Under the Biden Administration: Ten Areas to Watch
” (Jan. 21, 2021).