NAPFM, et al. v. SEC
Published on:
November 8, 2023
Committee:
Court:
U.S. Court of Appeals (Fifth Circuit)
Amicus Issue:
Whether the SEC’s private funds adviser rule: (i) exceeds the SEC’s regulatory authority under the Investment Adviser Act; and/or (ii) violates the Administrative Procedure Act as arbitrary and capricious because the SEC ignored important issues and reliance interests, and its explanation for the rule runs counter to the evidence.
Counsel of Record:
Mayer Brown LLP
Nicole A. Saharsky
Carmen N. Longoria-Green
Avi M. Kupfer
Other Amici:
None.