ICYMl/ Politico: Court strikes down SEc overhaul of privateequity, hedge fund rules, in blow to Gensler
A federal appeals court on Wednesday struck down a sweeping overhaul of rules governing private equity firms and hedge funds, a big win for Wall Street groups pushing back against SEC Chair Gary Gensler’s agenda.”
Today, POLITICO published an article highlighting the 5th U.S. Circuit Court of Appeals’ decision to strike down a proposed set of rules from the Securities and Exchange Commission (SEC) that would have added unnecessary burdens to the thousands of businesses that depend on private equity and credit across America.
The American Investment Council (AIC) was proud to join five other industry groups in this successful lawsuit to push back on harmful overreach from the SEC.
“In rejecting the SEC’s unfounded legal theory, the court has sent Washington regulators a strong message that they cannot bypass Congress when pushing their extreme agenda,”said AIC President and CEO Drew Maloney in a statement to POLITICO.
