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David Blass Quoted in The Wall Street Journal, Bloomberg, Law360 and Private Funds CFO on New SEC Private Funds Rules
08.24.23
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Partner David Blass was quoted in articles by The Wall Street Journal, Bloomberg, Law360 and Private Funds CFO examining the SEC’s recently adopted rules that will substantially increase the agency’s oversight and regulation of investment advisers to private funds and hedge funds. David noted that the final rules indicate that the SEC took many comments on the original proposal into account and adjusted its approach to some issues. However, he further explained that it is unusual for SEC commissioners to discuss the agency’s legal authority so extensively, telling The Wall Street Journal that this suggests that “there clearly is a backdrop of litigation concern.”
To read the Wall Street Journal article, please click here (subscription required).
To read the Bloomberg article, please click here (subscription required).
To read the Law360 article, please click here (subscription required).
To read the Private Funds CFO article, please click here (subscription required).