In a highly anticipated decision, the District of Columbia Circuit Court of Appeals has struck down the U.S. Securities and Exchange Commission's controversial rule requiring hedge fund registration, which went into effect in February.
Prior to the ruling, a high-ranking official inside the SEC said that he felt a decision against the agency would leave the SEC with few options. The SEC declined to comment on the court's ruling.
Many hedge fund attorneys had anticipated the decision based on the court's questioning when the case was heard in December. The same court also recently struck down the SEC's governance of