5th Circ. Private Funds Ruling Could Rewrite SEC Agenda

Summary

Law360 (June 5, 2024, 11:00 AM EDT) -- The Fifth Circuit on Wednesday vacated U.S. Securities and Exchange Commission regulations that would have required private fund advisers to provide detailed disclosures to investors, in a sweeping decision that could upend the regulator's approach to promised rules on climate, artificial intelligence and crypto assets.