U.S. Securities and Exchange Commission building in Washington, D.C. (Photo: Diego M. Radzinschi/ALM) 5th Circuit Strikes Down SEC's Private Fund Advisers Rule
The U.S. Securities and Exchange Commission exceeded its statutory authority, the appeals court says.
June 05, 2024 at 01:41 PM
3 minute read
Administrative Law
The original version of this story was published on National Law Journal
A federal appeals court Wednesday struck down the U.S. Securities and Exchange Commission's months-old rule regarding private fund advisers, saying the agency exceeded its statutory authority by regulating those who advise investors in private fund opportunities.
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