Premium Only Content

SEC Lacks Authority to Approve Board Diversity Rules by Nasdaq, Says Lawsuit
The U.S. Securities and Exchange Commission (SEC) is receiving pushback over its recent approval of Nasdaq’s Board Diversity Rules, which require all companies listed on the exchange to not only publicly disclose board diversity statistics but also explain failures to meet new diversity requirements. NCLA filed an opening brief in the U.S. Court of Appeals for the Fifth Circuit on behalf of the National Center for Public Policy Research. NCLA’s client, which owns shares in many Nasdaq companies, argues that SEC has no power to regulate in this field because the rules have nothing to do with fraud or honest markets.
The diversity rules fall outside of SEC’s regulatory authority under the Securities Exchange Act of 1934, which empowered SEC to regulate securities to ensure honest markets and enforce federal laws that punish fraud. These longstanding laws are being misinterpreted today by SEC to allow the agency, working with Nasdaq, to impose a “meet quota, explain why, or get delisted” regime.
Website: https://nclalegal.org
Facebook: https://www.facebook.com/NewCivilLibe...
Twitter: https://twitter.com/NCLAlegal
LinkedIn: https://www.linkedin.com/company/ncla...
Instagram: https://www.instagram.com/nclalegal/
-
9:47
New Civil Liberties Alliance
1 year agoGov. Newsom Repeals CA Law Censoring Doctors’ Covid-19 Medical Advice
53 -
6:07
AlaskanBallistics
1 day ago $0.03 earnedBreek Arms Sledgehammer Charging Handle Review
217 -
1:34:50
Russell Brand
5 hours agoThe Voice of the People — or a Threat to Democracy? - SF617
113K18 -
30:10
Michael Franzese
2 hours agoThe Dark Truth Behind Epstein - Biggest Cover Up of 21st Century
14.8K7 -
1:56:41
Nikko Ortiz
3 hours agoLive - Military Fails
51.6K4 -
1:09:04
Sean Unpaved
3 hours agoNo Pay, No Play! Chris Paul's Homecoming: Is $25/Hour Fair?
15.7K -
27:51
Chris Harden
2 days agoIndiana's Forgotten Capital City
4.42K -
29:29
sewgarage
1 day agoWill it deploy after upholstery? Process and test
5.13K -
1:23:00
MTNTOUGH Podcast w/ Dustin Diefenderfer
4 hours agoByron Owen: From Force Recon to Pentagon Leadership - Evolving Mental Toughness | MTNPOD #125
5.37K2 -
1:06:36
Timcast
3 hours agoTrump DECLARES WAR Over Obama "TREASON," Arrests Imminent, ITS A COUP
143K134