Comment Letters

AIC Calls on the SEC to Withdraw “Unnecessary” Private Funds Rules

The American Investment Council (AIC) released a letter the organization filed with the U.S. Securities and Exchange Commission (SEC) calling on the agency to withdraw its proposal to create new burdensome rules for private fund advisers (proposal).  In the letter, the AIC outlines numerous concerns about the implications for businesses, workers and retirees who rely on the private funds industry for capital or investment returns. The proposal also exceeds the Commission’s statutory authority to regulate the industry.