United States: SEC Makes Sweeping Changes To Private Fund Adviser Regulatory Regime: Mandates Quarterly Reporting, Restricts Preferential Treatment And Side Letters - WilmerHale
In a 3-2 vote on August 23, 2023, the Securities and Exchange Commission ("SEC" or "Commission") adopted five new rules under the Investment Advisers Act of 1940 (the "Advisers Act")...
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