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

      The National Law Review· 10 hours ago

      ...Advisers Rule” (or the 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...