PE Fund Says SEC Is Overstepping With 'Fishing Expedition'

By Sarah Jarvis · August 23, 2024, 9:14 PM EDT

A large South Carolina private equity fund has sued the U.S. Securities and Exchange Commission for allegedly overstepping its authority by trying to regulate the business' activities through an unconstitutional "fishing...

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Case Information

Case Title

Broadstreet, Inc. et al v. Securities & Exchange Commission, US

Case Number

4:24-cv-00803

Court

Texas Northern

Nature of Suit

Other Statutes: Administrative Procedure Act/Review or Appeal of Agency Decision

Date Filed

August 22, 2024