Private Funds Say 5th Circ. Ruling Sinks SEC's AI, Cyber Bids

By Sarah Jarvis (July 9, 2024, 10:01 PM EDT) -- Several trade groups for the private fund industry urged the U.S. Securities and Exchange Commission on Tuesday to withdraw rule proposals on artificial intelligence and investment adviser outsourcing and cybersecurity risk management, in light of a Fifth Circuit ruling that dealt a blow to the agency's private fund oversight....

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