Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach

Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach

The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which was designed to enhance transparency within the nearly $27 trillion private fund industry. The court found that the SEC had overstepped its statutory limits by […]