The U.S. Chamber of Commerce, Business Roundtable and Tennessee Chamber of Commerce and Industry filed a complaint for declaratory and injunctive relief against the SEC for rescinding its 2020 rulemaking governing proxy voting advice.
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House Financial Services Subcommittee Chair Bill Huizenga (R-MI) and House Appropriations Subcommittee Chair Steve Womack (R-AR) requested a briefing from the SEC as to whether it has conducted a "sufficient" economic analysis of proposed regulations on the private fund market.
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."
Multiple trade associations urged the SEC to withdraw its proposal requiring broker-dealers and investment advisers to eliminate or neutralize conflicts of interest associated with the use of predicative data analytic technologies.