NA of Private Fund Managers v. SEC
Case Number:
23-60471
Court:
Nature of Suit:
Companies
Government Agencies
Sectors & Industries:
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April 19, 2024
Climate Lawsuits Aren't The SEC's Only Legal Headache
The U.S. Securities and Exchange Commission has been grabbing headlines over the past couple of months as it attempts to fend off a host of lawsuits challenging recently enacted climate disclosure rules, but the agency has been no stranger to litigation brought by business groups opposing everything from new stock buyback disclosures to the agency's growing private fund oversight to its hands-off approach to crypto rule writing.
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February 05, 2024
5th Circ. Casts Doubt On SEC's New Private Fund Rules
The Fifth Circuit on Monday questioned the U.S. Securities and Exchange Commission's authority to pass recent regulations governing private fund advisers that have drawn sharp criticism from the industry, although one judge suggested the court could stop short of nixing the rules in their entirety.
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December 18, 2023
SEC Cites Dodd-Frank In Defense Of Private Funds Rule
The U.S. Securities and Exchange Commission told the Fifth Circuit it had Congress' blessing under the Dodd-Frank Act to pass new rules targeting what it sees as harmful practices in the growing private funds industry, challenging a lawsuit filed by trade groups trying to stop the rules from taking effect.
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November 09, 2023
Pro-Market Groups Prod 5th Circ. To Ax SEC Hedge Fund Rule
Federal regulators overstepped their authority and botched the regulatory process by enacting requirements on private investment funds tailored for wealthy, sophisticated customers and the new rules should be revoked, multiple pro-business groups have told the Fifth Circuit.
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September 13, 2023
Challenge To Private-Funds Rule Could Test SEC's Authority
Litigation from Wall Street trade groups seeking to block new U.S. Securities and Exchange Commission rules aimed at increasing transparency and curbing certain practices among private equity and hedge funds represents a pivotal challenge to the regulator's authority with potentially far-reaching consequences, experts say.
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September 01, 2023
Trade Groups Sue To Block SEC's Private Fund Rule
Industry groups sued the U.S. Securities and Exchange Commission in the Fifth Circuit Friday, seeking to invalidate a newly passed regulation they say threatens to give the agency "sweeping new power" to oversee the private fund industry.