MFA Urges Trump Team to Overhaul SEC Policies and Protect Tax Incentives

The Managed Funds Association (MFA), representing hedge funds and private credit firms, has urged President-elect Donald Trump’s transition team to reconsider “harmful” regulations on private funds and maintain “pro-growth tax policies,” according to Reuters .

In a letter, MFA President and CEO Bryan Corbett called for a shift from the Biden administration’s financial policies, which the group claims have harmed markets and investors. The MFA, a vocal opponent of SEC reforms increasing transparency and addressing systemic risks, argued that private funds stabilize markets and reduce risk.

“Now is the time to turn the page on the current SEC agenda,” Corbett wrote, emphasizing the need to preserve favorable tax treatments like carried interest.

With Republicans set to control Congress, tax reform is expected to be a priority, aligning with Trump’s pledges to cut taxes and ease regulations. Meanwhile, the SEC defended its reforms, stating they enhance market resiliency.

The MFA contends that private funds drive economic growth and innovation, challenging regulatory scrutiny of non-bank financial entities under Biden-era policies.