Here's your summary from Corbett on Court Striking Down SEC's Fee Disclosure Rule (https://www.youtube.com/watch?v=5a0vdkaAxPI) on the Bloomberg Television channel:

**TLDR:** The court struck down the SEC's fee disclosure rule, MFA is prepared to take the case to the Supreme Court if necessary.

1. MFA feels strongly about the case and believes they are on solid ground based on the court's ruling.

2. The SEC tried to blur the line between registered investment funds and private funds, but the court upheld the intent of Congress.

3. MFA may consider litigation if other SEC rules targeting the private fund industry are finalized without proper authority.

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