On-Demand Webinar
The Fifth Circuit Strikes Down the SEC’s Private Fund Rules – What’s Next?
Management Liability
Jun 07, 2024
30 minutes
Jun 07, 2024
30 minutes
On June 6, 2024, Woodruff Sawyer held a webinar titled “The Fifth Circuit Strikes Down the SEC’s Private Fund Rules – What’s Next?” Panelists included Walker Newell, former SEC Senior Counsel and Woodruff Sawyer’s Vice President of Litigation and Enforcement, and Patrick Cagney, financial services insurance expert.
Highlights from the on-demand webinar, which can be viewed here, include:
- A detailed discussion of the Fifth Circuit’s opinion, including why the court decided that the SEC lacked statutory authority to adopt the 2023 Private Fund Adviser Rules
- The SEC’s remaining options for challenging the court’s opinion (en banc, SCOTUS)
- Whether investment managers should be pencils down on compliance – or whether it makes sense to leverage some preexisting compliance efforts going forward on a voluntary basis (e.g., to satisfy LP demand)
- The opinion’s potential implications on other areas of the SEC’s regulatory agenda
