Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. Photo: Diego M. Radzinschi/ALM Managed Funds Association, Other Groups Sue SEC Over Private Fund Adviser Rule
"This could be part of a trend that we're going to see moving forward with multiple SEC rulemakings," attorney David Adams said. "A lot is riding on this particular case, across the board."
September 05, 2023 at 06:44 PM
5 minute read
News
The Managed Funds Association and five other industry groups have sued the U.S. Securities and Exchange Commission over its new private fund advisers rule, saying the agency has overreached its statutory authority and interferes with contracts.
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