Daily Telegraph- The Securities and Exchange Commission has warned it is highly wary of sovereign wealth funds, branding the new wave of investors as potential traders of inside information.
The SEC, the US’s leading financial regulator, also accused such funds of being opaque in their governance structure and potentially difficult to regulate.
The attack could jeopardise further investments in the US by the funds, which have recently spent $75bn (£38.6bn) propping up the world’s largest banks.
