Adviser Attacks SEC's Liquidity Rule In Bid To Escape Suit

[Gunnar Larson]

Adviser Attacks SEC's Liquidity Rule In Bid To Escape Suit

By Jessica Corso

A New York-based investment adviser facing the first-ever U.S. Securities
and Exchange Commission lawsuit over a 2016 liquidity rule says the case
against it should be tossed because the agency had no congressional
authority to write the rule in the first place.

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