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Key hedge fund associations delivered an unwelcome legal challenge to the SEC.
The National Association of Private Fund Managers (NAPFM), the Alternative Investment Management Association (AIMA), and the Managed Funds Association (MFA) have delivered a not-so-welcome holiday gift to the U.S. Securities Exchange Commission (SEC) — a lawsuit. The trio of trade associations, represented by Jeff Wall and Judd Littleton of Sullivan & Cromwell LLP, are calling on...
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