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David Blass Quoted in FundFire on SEC’s Proposed Rules Targeting Private Equity and Other Private Funds

02.17.22

Corporate Partner David Blass was quoted extensively in a FundFire article titled “Private Equity Managers Gear Up for Clash on Vast SEC Rule Changes.” The article explored the SEC’s recently proposed rules targeting private equity and other private funds. When discussing some of the most significant questions surrounding this proposal, David noted, “based on the initial reaction, indemnification will certainly get a lot of attention from the industry… But it may be that there are other issues [of concern for the industry] that will take some time to understand.” He further explained that, while SEC officials had recently hinted about the scope of issues and specific areas they were reviewing, many of the proposed regulatory remedies were unexpected, particularly around bans as the SEC has used them less frequently to regulate private funds.

To read the full article, please click here (subscription required).