As regulators draft new rules for hedge funds, private-equity funds and other money managers, some of these companies and their supporters have been laying a foundation that could be used to challenge the requirements in court. The Securities and Exchange Commission is scheduled to vote Wednesday on another installment in the government’s Wall Street overhaul — a set of rules that would require private money managers to divulge information about their business to federal overseers. The confidential disclosures are meant to help the government avert another financial crisis by identifying potential risks to the system. Read Washington Post story here.
