Hedge funds and private equity firms are laying the groundwork for a legal clash with the US Securities and Exchange Commission over its bid to tighten rules on disclosing fees and dealing with investors.
The Managed Funds Association recently told members that the trade group could sue the SEC within two weeks of the new regulations being finalized, unless they’re softened significantly from what the agency proposed in February 2022. The email message, which was obtained by Bloomberg News, spotlights rising industry angst around a cornerstone of Chair Gary Gensler’s regulatory agenda.
Source: Hedge Funds Prep for Legal Battle With SEC Over Fee Disclosures
