Authors

Brendan Gallen

The new rules only being recently announced, a coalition of trade associations have already filed a petition with the United States Court of Appeals to have them set aside. 

Under rules adopted by the SEC last week, private fund advisers will face new limits on granting preferred rights to certain investors, along with new reporting obligations, including fairness opinions. Investors may be disappointed by the SEC’s failure to address fiduciary duty waivers.

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