This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
viewpoints
Welcome to Reed Smith's viewpoints — timely commentary from our lawyers on topics relevant to your business and wider industry. Browse to see the latest news and subscribe to receive updates on topics that matter to you, directly to your mailbox.
| less than a minute read

SEC Private Fund Regulations

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.

Tags

funds, sec, regulations