Adviser Attacks SEC's Liquidity Rule In Bid To Escape Suit

By Jessica Corso (July 12, 2023, 9:00 PM EDT) -- A New York-based investment adviser facing the first-ever U.S. Securities and Exchange Commission lawsuit over a 2016 liquidity rule says the case against it should be tossed because the agency had no congressional authority to write the rule in the first place....

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