I was a lawyer in 2008 representing banks in the financial crisis. Multiple bankers wives set up companies to by mortgage backed securities using government loans and government guarantees on payment upon default. That let the banks get the toxic mortgages off their balance sheet.

These wives were yoga teachers and socialites. And I say that as a man that is a feminist and upmost respect for the amazing women I have worked with that were absolutely world renowned professionals. The bankers wives were not in that category and were shells to eliminate the “conflict of interest”. The CEO of Goldman Sachs did this. You can find the records if you want to be on a government watch list.

To be fair, these are not regulators, just private companies making up rules, so technically this is not corruption just something that looks like it but it's just business™

These are all private companies's decisions.

At this point in US regulatory oversight I would have a harder time finding evidence of no corruption.

Why else would they change the rule ?

I think deep cynicism is the correct mindset to have in the current financial/political climate.

;)

But you think they’ll adopt some of these proposals that are in the benefit of these companies IPOing at the expense of large funds?

There's no obviously correct answer here.

A: This has not happened yet. B: Are you actually optimistic that it won't?

That's a request for an opinion, not an emotion.