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SEC Wants Out Of PE Firm's 'Fishing Expedition' Suit

By Katryna Perera ( December 16, 2024, 5:37 PM EST) -- The U.S. Securities and Exchange Commission has asked a Texas federal judge to toss a suit brought by a real estate-focused private equity fund alleging the SEC subjected it to an unconstitutional "fishing expedition" outside its regulatory purview, arguing that sovereign immunity bars the firm's claims and that the court has no jurisdiction over the case....

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