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‘No choice but to litigate’ – US private fund groups sue SEC over new disclosure rules

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Photo: Spencer Weiner-Pool/Getty Images

Julie DiMauro

1 min read
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Private fund groups sue the SEC, arguing its new regulations impose onerous disclosure requirements on private fund advisers.

A group of six US trade bodies representing hedge funds and private markets firms have filed a suit against the US SEC, alleging its new rules for the private fund industry around disclosure are unlawful and harmful for the industry.

The lawsuit, filed last Friday, argues that the new disclosure

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