SEC Investigating Alleged Fraud in Private Credit, Atkins Says

Securities and Exchange Commission Chairman Paul Atkins said the agency is investigating allegations of fraud in private credit firms, though he declined to say specifically which companies are under scrutiny.

Atkins spoke Monday at the Milken Institute Global Conference, noting the SEC was monitoring the private credit space alongside the US Treasury Department and the Federal Reserve.

SEC Chairman Paul Atkins

Photographer: Ian Maule/Bloomberg

“We are taking it seriously, we are monitoring the situation,” Atkins said, adding the agency is examining various firms like the regulator would normally do. “There’s been allegations of fraud and obviously I can’t talk about any specific cases, but we ...