See You in Court: Industry Sues SEC Over Private Funds Rule

Capitol Account Extra

That didn’t take long. Hedge funds, private equity and venture capital firms fired back at Gary Gensler today, filing suit to overturn the expansive new oversight regime the SEC adopted last week for private funds. The case, brought by a half dozen trade groups in the U.S. Court of Appeals for the Fifth Circuit, is the latest sign that the financial ind…