Hedge Fund and PE Trade Group Executives Talk Suing the SEC

Also, STA president runs for Congress; CAT complaints; BPI launches ad campaign -- on capital

If you sue the SEC on the Friday before Labor Day, does anybody notice? The answer, of course, is yes (especially in the financial regulation world). But last week’s legal challenge of the agency’s private funds rule merits more attention than it received over the holiday weekend.

Toward that end, we sat down today with the leaders of two of the trade as…