US Court Strikes Down SEC Hedge Fund Fee Disclosure Rule
Portfolio Pulse from Benzinga Newsdesk
A US court has struck down the SEC's rule requiring hedge funds to disclose their fees. This decision could impact transparency and investor confidence in the hedge fund industry.
June 05, 2024 | 1:42 pm
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The court's decision to strike down the SEC's hedge fund fee disclosure rule may lead to increased uncertainty and volatility in the broader market, which could impact SPY.
The SPY ETF, which tracks the S&P 500, could be affected by increased market volatility and uncertainty following the court's decision. Investors may react to the potential lack of transparency in hedge fund operations.
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