The post U.S. SEC Losing Control? Hedge Fund Transparency Rules Thrown Out appeared first on Coinpedia Fintech News
In a recent ruling, the Fifth Circuit Court of Appeals delivered a blow to the U.S. Securities and Exchange Commission (SEC), declaring its 2023 regulations on hedge funds and private equity firms as beyond its legal mandate. This ruling not only questions the SEC’s regulatory approach but also raises concerns about its authority, especially in relation to the cryptocurrency industry.
The Verdict: SEC Regulations Deemed Unlawful
On June 5, 2024, a panel of three judges ruled that the SEC’s regulations went beyond the authority granted by Congress. These rules, implemented in 2023, aimed to increase transparency by requiring annual audits, quarterly reports on fees and expenses, and stricter rules against preferential treatment for certain investors.
Inside the SEC’s Controversial Rules for Hedge Funds
Introduced in August 2023, the SEC’s regulations m
We współpracy z: https://coinpedia.org/news/us-appeals-court-rules-sec-overstepped-in-hedge-fund-regulations/
