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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.
Hedge fund industry groups sue US SEC over Treasury market dealer rule https://t.co/HRSQsNu0jX https://t.co/OOaicqm4kv
Hedge funds launched another legal salvo against the Securities and Exchange Commission, this time over new rules requiring some firms to register as dealers in the US Treasuries market https://t.co/rAWcR8Uywt via @ElleBeyoud @markets #HedgeFunds
Monday's complaint marks the third time the hedge-fund industry has taken the SEC to court in less than a year. via @rudegeair Sharehttps://www.wsj.com/livecoverage/stock-market-today-dow-jones-03-18-2024/card/hedge-funds-sue-sec-over-new-dealer-rule-Fd9TVERpaloTXuzw8kvW
