A U.S. appeals court overturned a major SEC rule, weakening its authority over private funds and investment advisers.
A legal attack is weakening the Securities and Exchange Commission (SEC) as it faces imminent Supreme Court rulings. A U.S. appeals court overturned a major SEC rule, reducing its oversight of private funds and challenging its authority to oversee investment advisers. This decision, along with two upcoming Supreme Court rulings, may make SEC's other draft rules on cybersecurity, outsourcing, and predictive data analytics vulnerable to litigation.
June 11, 2024
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