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More SEC Rules in Peril With Private Fund Rule Strikedown
Analysis June 21, 2024 at 11:41 AM
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What You Need To Know
- A three-judge panel said the SEC lacked the authority to use two rulemaking statutes in its private funds rules.
- One of the statutes has been the go-to authority for virtually all of the SEC's rules, according to IAA's Gail Bernstein.
- SEC officials are now busy mulling how the ruling will affect new and existing rules.
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