The Managed Funds Association and five other industry groups have sued the U.S. Securities and Exchange Commission (SEC) over its new private fund advisers rule, saying the agency has overreached its statutory authority and interferes with contracts.
SEC Sued Over Private Fund Adviser Rule
The Managed Funds Association and five other industry groups have sued the SEC over its new private fund advisers rule, saying the agency has overreached its statutory authority and interferes with contracts.
By
Maydeen Merino
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