By Aaron Nicodemus2023-09-18T13:45:00
A lawsuit filed by industry groups alleging the Securities and Exchange Commission (SEC) overstepped when it passed new rules for private fund advisers last month is unlikely to stop their implementation, according to experts.
The lawsuit, filed in the U.S. Court of Appeals for the Fifth Circuit, claims the SEC exceeded its statutory authority when it passed the rules intended to increase transparency and accountability to investors in a private fund market estimated to exceed $26 trillion.
The groups that brought the suit included the National Association of Private Fund Managers, Alternative Investment Management Association, American Investment Council, Loan Syndications and Trading Association, Managed Funds Association (MFA), and National Venture Capital Association.
2024-06-05T20:21:00Z By Aaron Nicodemus
A federal appeals court struck down the Securities and Exchange Commission’s private fund adviser rule, agreeing with industry advocates that the agency overstepped its authority.
2024-02-09T14:06:00Z By Kyle Brasseur
Large hedge fund advisers will be required to disclose more information on their investment strategies, investment exposure, operations, and more as part of a rule change jointly adopted by the Securities and Exchange Commission and Commodity Futures Trading Commission.
2023-08-28T13:44:00Z By Aaron Nicodemus
Even though compliance dates for the Securities and Exchange Commission’s new private fund rules are a year to 18 months away, compliance teams should start analyzing the impact now, according to experts.
2025-10-08T20:08:00Z By Ruth Prickett
Private companies that are keen to trade their shares but do not wish to become listed have gained another way to trade their shares. The U.K. government completed its initial review and published rules for the system in June.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
2025-10-01T21:10:00Z By Neil Hodge
The U.K’.s financial regulator has given a strong indication that financial firms’ use of unauthorized devices and apps is under scrutiny and that policies around off-channel communications need to be tightened up.
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