SEC's Forceful Defense of Private Funds Rule Offers Clues on How It Might Fight Future Lawsuits

Also, FDIC set to clamp down on misleading deposit insurance claims

The SEC – offering its first public response to a high-profile industry legal challenge – is coming out strong in defense of the private funds rule. The new oversight regime, the regulator argues in a recent court brief, is restrained, well within its remit and necessary to protect investors. They include “public employees, religious organizations and n…