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David Blass Quoted in Law360 on Breadth of SEC’s Recently Proposed Rules for Private Funds
02.22.22
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Corporate Partner David Blass was quoted in a Law360 article titled “SEC’s Fund Disclosure Proposal Could Spark Pushback,” which explored the SEC’s recently proposed rules targeting private funds. David explained the breadth of the SEC’s proposal, noting that various of the points included would also apply to fund managers not registered with the agency, including non-U.S. advisers that operate under an exemption, which could prompt those types of funds to reconsider whether they would want to operate in the U.S. if they were to face more restrictions. “I suspect that’s likely to catch many fund managers, especially the non-U.S. fund managers, by surprise,” he said.
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