Mar 18, 07:05 PM

Hedge Funds Sue SEC Over Treasury Dealer Registration Rule

Trade groups representing the private fund management industry have initiated a lawsuit against the U.S. Securities and Exchange Commission (SEC) over a newly implemented rule. This regulation mandates certain firms to register as dealers within the U.S. Treasuries market. The legal action, filed on Monday, marks a continuation of the hedge fund industry's resistance against the SEC, with this being the third lawsuit within less than a year. The industry's legal efforts aim to challenge the regulatory measures imposed by the SEC, which are perceived as burdensome by the private fund management sector.

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Written with ChatGPT (GPT-4).