Withers' US corporate division leader David Guin was featured in the recent Investment News article, "House Panel to Vote on Increasing Family Office Oversight" which discusses Rep. Alexandria Ocasio-Cortez's, D-N.Y. proposed legislation that would require family offices with more than $750 million in AUM to register with the SEC.
David tells Investment News he's unsure if the legislation's prospects are very promising. "I still think it is unlikely to pass in its current form," Guin said. If the SEC is going to step up oversight of family offices, "it is more likely they would adopt a risk-based approach rather than simply a dollar amount."
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