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David Blass Quoted in Bloomberg News on the Legal Challenge to the SEC Private Fund Rules
02.06.24
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Partner David Blass was quoted in an article titled, “SEC Fights Challenge to Hedge Fund and PE Firm Fee Disclosure Rules,” which was published by Bloomberg News. The article discussed the February 5 oral arguments that took place before the Fifth Circuit Court of Appeals in the legal challenge brought against the SEC’s private fund rule package. When addressing how the SEC’s ability to adopt the rules came into play during the arguments, David noted that the three-judge panel seemed to question the agency’s rulemaking authority added under the 2010 Dodd-Frank Act.
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