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The SEC's hedge fund rule: another rule bites the dust

The DC Circuit struck down the SEC�s hedge fund registration rule. This is the second time that court has sent the SEC back to the drawing board, the last time being the Commission�s mutual fund independent director rule, which the DC Circuit twice rejected because the Commission didn�t do its homework. I analyze the opinion and possible implications for Sarbanes-Oxley, and securities regulation generally.



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.