Industry legal challenges to the SEC private funds disclosure rule: what’s at stake

Join us on March 14, 2024, at 1:00 PM, as we will examine the widespread harm that all businesses and investors would suddenly face if the Securities and Exchange Commission’s broadly accepted requirements for truthful disclosures and rules protecting investors are overturned by the courts. SEC rules are facing scrutiny in a number of ongoing legal cases. 

In particular, the webinar will examine one such case involving the private fund (hedge fund and private equity) industry, which is attempting to overturn the SEC’s groundbreaking rule that empowers institutional investors in private funds like pensions, university endowments, and foundations, and provides them with much-needed disclosures.

Key Discussion Points:

• The inherent risks of investing in private funds and how the SEC’s regulations aim to mitigate these concerns.
• An analysis of the industry’s resistance to standard transparency and reporting mandates, including the concealment of fund performance from investors.
• The establishment of the National Association of Private Fund Managers in Fort Worth, Texas, as a strategic move to challenge the SEC’s rule and its broader regulatory authority within the very Wall Street-friendly Fifth Circuit.
• Insights from panelists who have contributed amicus briefs in support of the SEC’s authority and the critical nature of the private fund advisers rule.

Featured Speakers:
Moderator: Andrew Park: senior policy analyst, Americans for Financial Reform

Panelists:
Anat Alon-Beck: Associate Professor, Case Western University of Law
Neal Prunier: Senior Director, Institutional Limited Partners Association (ILPA)
Brianne Gorod: Chief Counsel, Constitutional Accountability Center (CAC)
Patrick Corrigan: Associate Professor of Law at the University of Notre Dame Law School
Thomas Burns: Founding Shareholder, Burns P.A.

Watch the event here via YouTube in case you missed it.