Bill Myers
'The court has sent Washington regulators a strong message that they cannot bypass Congress when pushing their extreme agenda,' said AIC's Drew Maloney.
'It’s still possible to do deals, even big deals,' says William Kovacic, a former FTC chair. 'You have to be willing to fight cases. You have to be willing to carry the costs and go through the time it takes.'
The commission's new rules are softer than the original proposal, but still impose rigid disclosures on exempt advisers.
Stricter Form D deadlines, increased thresholds, disclosure conditions all under review, sources say.
Will a new rulemaking proposal from the SEC slow down the use of blank-check companies, which raised a record $162.5bn through 613 IPOs last year?
Why 2022 is already a seismic year for private funds.
Private funds advisers are "misleading" clients about investment strategies, fees and other problems, the SEC says in a scathing new risk alert.
The SEC has proposed the first new disclosure rules for private equity, venture capital and hedge funds since the Dodd-Frank era.