From left: Santosh Govindaraju, Jay Grayson and Mark Danzi at the roundtable

Nola Laleye

Financial reforms enacted in the wake of the recession went too far in regulating private equity firms, according to several industry leaders in Tampa Bay.

Most of the principals and partners attending a Tampa Bay Business Journal private equity roundtable on Monday said they supported provisions of new federal legislation that would ease requirements imposed on private equity companies by 2010 Dodd-Frank Wall Street reforms.

From left: Santosh Govindaraju, Jay Grayson and Mark Danzi at the roundtable

Nola Laleye

The legislation, the Financial CHOICE Act of 2017, lifts a mandate that private equity firms register with and be regulated and examined by the U.S. Securities and Exchange Commission. SEC oversight increases transparency, and expands the amount and quality of information investors can get from private equity managers, a report in Pensions & Investments said.

What Tampa Bay’s private equity dealmakers say about rolling back Dodd-Frank

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