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David Blass Quoted in The Regulatory Review on SEC’s Proposed Private Fund Reform Rules
11.17.22
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Partner David Blass was quoted in a Regulatory Review article titled, “SEC Proposes Private Fund Reform to Protect Investors,” which addressed the SEC’s recently proposed rules aimed at further enhancing the regulation of the private funds industry. When discussing the impact of the proposed mandated disclosures and audits for private funds advisers, David noted that they would be both “impactful and burdensome.” He additionally explained that the provisions of the proposed rules which would outlaw indemnification provisions do not seem particularly necessary given the commercial negotiations that are already taking place between a private fund sponsor and “some of the most sophisticated and well-represented investors in the world.”
To read the full article, please click here.