U.S. Securities and Exchange Commission Chairman Paul Atkins said the SEC is investigating alleged fraud in the private credit sector.
Speaking at the Milken Institute Global Conference on Monday, Atkins did not identify which specific firms are under investigation. He noted that the SEC, U.S. Department of the Treasury and the Federal Reserve are all monitoring the private credit space, Bloomberg reported.
“We are taking it seriously, we are monitoring the situation. There’s been allegations of fraud and obviously, I can’t talk about any specific cases, but we are investigating that as well,” Atkins said.
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