MFA Files Lawsuit Against SEC to Prevent Adoption of Private Fund Adviser Rule valdostadailytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from valdostadailytimes.com Daily Mail and Mail on Sunday newspapers.
Six private equity and hedge fund trade groups on Friday sued the U.S. Securities and Exchange Commission (SEC), arguing the agency overstepped its statutory authority when adopting sweeping new expense and disclosure rules last week. SEC Chair Gary Gensler said the rules will increase transparency and competition in the private funds industry, which oversees around $20 trillion in assets and has been accused by advocacy groups of opacity and conflicts of interest. An agency spokesperson said the SEC "undertakes rulemaking consistent with its authorities and laws governing the administrative process."
A cohort of trade associations has thrown the first punch in a brawl over new Securities and Exchange Commission (SEC) regulations governing how investors are protected when putting their money with private fund advisers. The group said in a lawsuit filed Friday in the U.S. Court of Appeals for the Fifth Circuit that they were […]
Six private equity and hedge fund trade groups on Friday sued the U.S. Securities and Exchange Commission (SEC), arguing the agency overstepped its statutory authority when adopting sweeping new expense and disclosure rules last week. SEC Chair Gary Gensler said the rules will increase transparency and competition in the private funds industry, which oversees around $20 trillion in assets and has been accused by advocacy groups of opacity and conflicts of interest. An agency spokesperson said th
We have a final answer to the question of whether a term loan is a security. Yesterday, the Second Circuit Court of Appeals affirmed the District Court’s decision in the Kirschner Case.