Whatever happens to the SEC rules, the trade group hopes the industry can unite to raise the floor on transparency.
Fourth proposal in two decades would apply Bank Secrecy Act rules to registered, exempt fund advisers.
Scalia says rules will cost industry $5.4bn per year if left standing.
Peirce decries ‘fancy legal footwork’ in guidance
An adviser CCO tells of a recent SEC exam that deeply probed the adviser’s due diligence into its pricing services used for establishing valuations.
Case could 'open the floodgates' to class-action suits, business groups claim
'Scary' case should worry small- and midsized managers, expert says.
LPs are still tepid on the final rules, but still want the SEC as a referee.
Agency disputes trade groups' standing, claims Congress authorized sweeping changes to protect ordinary Americans.
Washington weighs (narrow) changes to allow projections in private placement memos.