SEC withdraws complaint against hedge fund Silver Point Capital

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Financial Times 2d ago

SEC withdraws complaint against hedge fund Silver Point Capital - Financial Times

Quick Summary:

The firm on Thursday said: “There was absolutely no basis in the evidence or the law for the claims asserted by the SEC, and the SEC should never have filed this action in December 2024.

Treatment of confidential information in bankruptcy and restructuring cases became a focus for the SEC during former president Joe Biden’s term, with the agency bringing enforcement actions against multiple prominent credit funds.

Silver Point was founded by former Goldman Sachs executives in the early 2000s and is one of the most prominent players in distressed debt markets.