US Supreme Court clips SEC’s wings with recent rulings
The Supreme Court made a host of decisions at the start of July that spell trouble for regulators—including the SEC.
Clean air, fishing boats, and truck stops sound more like parts of a summer vacation than anything to do with financial services, but these are the root issues of a few US Supreme Court judgements that have piled pressure on the Securities and Exchange Commission (SEC).
In early July, the Supreme Court made a series of decisions designed to curb administrative overreach of the country’s regulatory bodies. This included the landmark decision to end the so-called Chevron deference, a 40-year
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