A group of trade associations representing the alternative asset management industry has filed a lawsuit against the US Securities and Exchange Commission (SEC) challenging the SEC's recently adopted Private Fund Adviser rule. The trade associations, including the Managed Funds Association (MFA), argue that the rule will harm investors, fund managers, and markets by increasing costs, … Continue reading Trade Associations React Against SEC’s Newly Adopted Private Fund Advisor Rules
What are the new SEC private fund advisor rules?
Today, the Securities and Exchange Commission (SEC) adopted reforms it had been considering to improve oversight and regulation of private fund advisors. The new rules and amendments are aimed at enhancing transparency, investor protection, and competition within the private fund industry. Requirements pertaining to private fund advisers registered with the Commission: Provide investors with quarterly … Continue reading What are the new SEC private fund advisor rules?