The SEC Is Turning to Litigation to Regulate Private Funds, Aaron Schlaphoff Tells Pitchbook

Corporate partner Aaron Schlaphoff spoke with Pitchbook about the U.S. Securities and Exchange Commission’s recent shift in efforts to govern the private funds industry through litigation instead of rulemaking, particularly as certain recent appellate decisions have curtailed its rulemaking ability. In “SEC Turns to Litigation to Address Rulemaking Failures,” published on September 16, Aaron discusses how the SEC has recently been pressing more in examinations on the types of issues that the agency’s private fund adviser rule changes, which a federal appeals court recently threw out, would have addressed.

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