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'You cannot get deals if you’re not texting and your competitors are,' FirmScribe CEO says from Private Funds CFO membership forum
'Healthcare markets are a key site' in battle to reshape American society, top trustbuster says.
The industry group representing private equity LPs is readying guidance for NAV facility reporting, set to be released in April, and faces parsing the SEC’s Private Fund Adviser rules package without input from the regulator while the rules face litigation.
Whatever happens to the SEC rules, the trade group hopes the industry can unite to raise the floor on transparency.
photo of statue of Lady Justice
Scalia says rules will cost industry $5.4bn per year if left standing.
Judge gavel, scales of justice and law books in court
Case could 'open the floodgates' to class-action suits, business groups claim
LPs are still tepid on the final rules, but still want the SEC as a referee.
Agency disputes trade groups' standing, claims Congress authorized sweeping changes to protect ordinary Americans.
The bureau wants to partner with private equity firms to understand and address the emerging threats facing the industry.
Legal and law concept
‘Each part of the rule is unnecessary, unworkable, and unduly burdensome,’ lawyers say in opening brief.
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