The American Investment Council urged FTC to withdraw its proposal to "comprehensive[ly] redesign" the premerger notification form. The Council argued that FTC lacks statutory authority to demand nearly all of the information that would be newly required.
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The Managed Funds Association urged the FTC to withdraw its proposed amendments to "redesign" the premerger notification process.
Several industry trade associations filed a Petition for Review in the U.S. Court of Appeals for the Fifth Circuit seeking to "hold unlawful, vacate, and set aside" the SEC's final rules on private funds advisers. The associations argued that the SEC has "not shown any need for the intrusive rules it has adopted."
FIA offered recommendations on CFTC-proposed amendments to large trader position requirements to address outstanding issues and "promote the transparency and quality of data."
In a public statement, Managed Funds Association President and CEO Bryan Corbett argued that the SEC’s proposal on private fund adviser requirements would be harmful to both investors and the market.