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MFA statement on court vacating Private Fund Adviser Rule


U.S. Court of Appeals vacates the SEC's private fund advisers rule

In a closely watched case, the U.S. Court of Appeals for the Fifth Circuit struck down in its entirety the SEC's new private fund advisers ...

Taking Stock of the Private Funds Rules Litigation After Oral ...

The Panel may be reluctant to vacate the Private Funds Rules in their entirety, particularly the Private Fund Audit Rule and the Adviser-Led ...

Industry groups sue SEC over private fund adviser rule

"The private fund adviser rule will harm investors, fund managers and markets by increasing costs, undermining competition, and reducing ...

Managed Funds Association, Other Groups Sue SEC Over Private ...

"The Private Fund Adviser rule will harm investors, fund managers and markets by increasing costs, undermining competition and reducing ...

Fifth Circuit Vacates SEC Private Fund Adviser Rules

On June 5, 2024, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit (the “Fifth Circuit”) unanimously vacated the ...

Experts: Lawsuit against SEC's private fund rules unlikely to cause ...

1 press release. “The private fund adviser rule will harm investors, fund managers, and markets by increasing costs; undermining competition; ...

Final Rule: Private Fund Advisers - SEC.gov

SEC, No. 23-60471 (5th Cir. 2024) vacating the. "Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews" rules ...

AIMA, MFA et al sue SEC over Private Funds Advisor Rules

In the suit, filed with the Fifth Circuit Court of Appeals in New Orleans, AIMA and the MFA claim that in adopting the new rules, which increase ...

Wall Street fights back against new SEC reforms in scathing lawsuit

Under the new rule, all private fund advisers would also be subject to restrictions on certain sales practices, conflicts of interest and ...

Private Fund Advisers, Breathe Easier: Fifth Circuit Vacates Private ...

The New Orleans-based US Court of Appeals for the Fifth Circuit (Court), on June 5, 2024, vacated the new private fund rules (Private Fund Rules) adopted by ...

Gibson, Dunn & Crutcher LLP Files Opening Brief in Lawsuit Against ...

Gibson, Dunn & Crutcher LLP Files Opening Brief in Lawsuit Against the SEC to Vacate the Private Fund Adviser Rule ... The brief can be found here ...

US Court vacates the SEC's Private Fund Adviser Rules

US Court vacates the SEC's Private Fund Adviser Rules · What's happened? On 23 August 2023, by a 3-2 majority, the SEC published an Adopting ...

Fifth Circuit Vacates SEC Private Fund Adviser Rules in Full

The court states that in order for a failure to disclose to be deceptive, there must first be a duty to disclose and that, in the case of an ...

US SEC does not seek 5th Circuit review of private funds decision ...

As such, the court found the SEC did not have rulemaking authority over private fund advisers and their investors, according to the MFA and ...

Regulatory Roundup for June 2024 | SEC Compliance ... - JD Supra

The Fifth Circuit Court of Appeals vacated the SEC's private fund adviser rules on June 5, 2024. A three-judge panel of the Fifth Circuit ...

US Investment Advisers

Press Release: Private Fund Adviser Rule vacated, AIMA welcomes court ruling ... Press Release: NAPFM, AIMA and MFA file lawsuit against US SEC to vacate Dealer ...

SEC's Private Fund Ruling Vacated by U.S. Appeals Court

In a landmark decision on June 5, 2024, the Fifth U.S. Circuit Court of Appeals in Louisiana unanimously overturned the SEC's Private Ruling ...

What next for SEC after Court of Appeals rules against PFA rule

The New Orleans-based 5th US Circuit Court of Appeals has struck down the Securities Exchange Commission's Private Fund Advisers ('PFA') rule.

US Court Vacats SEC Private Fund Rule

The United States Court of Appeals for the Fifth Circuit made a significant decision on June 5, 2024, by vacating new rules applicable to advisers to ...

SEC Private Fund Rules Overturned - Jacko Law Group

On June 5, 2024, the Fifth Circuit Court of Appeals overturned the SEC's New Private Fund Rules introduced in August 2023 (the “Private Fund ...