Franklin: NVCA and Private Fund Coalition Defeated SEC Rules in Court
Bobby Franklin · Strengthening the Competitive Edge of American Startups with Bobby Franklin of NVCA | The Innovators & Investors Podcast · May 5, 2026 · at 20:12
Bobby Franklin, President and CEO of the National Venture Capital Association (NVCA), discusses legal challenges against SEC rulemaking under former Chair Gary Gensler.
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“The most egregious, we actually went to court and sued in federal court and won, and we completely knocked out this idea that they had passed, which was to essentially micromanage the relationship between general partner venture capitalists and their limited partner funders, and it was a dumb idea. And it impacted every private fund, and so we band together, like we do a lot of things in Washington with coalitions, and so the hedge funds and private equity and us and others got together and went to federal court and sued and won”
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