FundFire - July 29, 2026
SEC move to wrest BDC, REIT oversight from states stirs fierce debate
The SEC's proposed rule to preempt state oversight of non-traded BDCs and REITs drew strong industry support and sharp opposition from state regulators. Stanger's CEO Kevin Gannon was quoted on the regulatory burden facing the sector, and the firm submitted a comment letter in support of the proposal.