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    • Fifth Circuit Rules SEC Exceeded Its Authority in Adopting Private Fund Advisers Rule

      The National Law Review· 2 days ago

      ...Rule) and, accordingly, vacated the Rule in full.[1] The Court’s interpretation of the SEC’s rule-making authority over private fund sponsors under Section 206(4) and 211(h) of the Investment Advisers Act of 1940 (the Advisers Act) and the Dodd-Frank Wall Street and Consumer Reform Protection Act...

    • Lawsuit Challenges Private Fund Adviser Rules

      The National Law Review· 3 days ago

      On Friday, September 1, 2023, a lawsuit was filed with the federal Court of Appeals in the Fifth Circuit challenging the validity and enforceability of the recently adopted Private Fund Adviser ...