In the News

Court Overturns SEC Private Fund Adviser Rule, Calls Out Agency Overreach, Compliance Week

June 05, 2024

Partner Christine Lombardo was quoted in a Compliance Week article that discussed a unanimous decision by the US Court of Appeals for the Fifth Circuit to vacate the US Securities and Exchange Commission’s (SEC’s) private fund adviser rule.

“Despite the ruling, private fund advisers would be wise to consider some of the guidance the SEC provided in thinking about best practices going forward, including as it relates to disclosures and the allocation of expenses,” said Christine.

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