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Posted 9/1/2023, 6:50:00 PM

Private equity, hedge funds sue SEC over new disclosure rules

A consortium of industry groups has filed a lawsuit against the SEC to block new rules that require private equity and hedge funds to disclose performance and fees, arguing that the rules will harm investors and reduce investment opportunities.

marketwatch.com

Relevant topic timeline:

8/23/2023

US SEC overhauls rules for $20 trillion private fund industry

The U.S. Securities and Exchange Commission (SEC) has implemented new rules aimed at increasing transparency and accountability in the private equity and hedge fund industry, requiring the issuance of quarterly fee and performance reports, disclosure of fee structures, and annual audits, while banning preferential treatment for certain investors.

8/23/2023

SEC makes biggest overhaul of $20T private equity, hedge fund...

The Securities and Exchange Commission voted to overhaul rules for private equity and hedge funds, requiring greater transparency and accountability, but didn't make it easier for investors to sue fund managers or ban arrangements that give certain investors preferential treatment.

9/1/2023

US private funds industry sues securities regulator over new rules

Six private equity and hedge fund trade groups have sued the U.S. Securities and Exchange Commission (SEC), claiming that the agency overstepped its authority by implementing new expense and disclosure rules for the private funds industry.

9/22/2023

FTC Sues Anesthesia Group and Private Equity Firm for Anticompetitive Consolidation Driving Up Healthcare Prices

The Federal Trade Commission has filed an antitrust lawsuit against a doctors' group and a private equity firm, accusing them of consolidating doctors' groups in Texas to raise prices for anesthesia services and harm fair competition.

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