Hedge Fund Criticizes SEC Settlement After Gag Rule Lifted

Deccan Value Investors, a Connecticut hedge fund, criticized its 2022 settlement with the SEC after the lifting of a gag rule by the regulator.

The settlement involved allegations that the hedge fund breached its fiduciary duty to two university endowments.

The SEC's recent decision to lift the gag rule allows Deccan to speak publicly about the settlement.

The lifting of the gag rule has prompted the hedge fund to publicly voice its discontent with the settlement terms.

The hedge fund's response comes in light of increased scrutiny following the SEC's regulatory actions.

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