- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-12-13T17:55:00
A U.S. Appeals Court overturned a Securities and Exchange Commission (SEC) rule that had required companies listed on the Nasdaq stock exchange to disclose whether their boards had women or minority members–and if not, why not.
The decision, handed down Wednesday by the U.S. Court of Appeals for the Fifth Circuit, said that the SEC and Nasdaq rule was not related to the core purposes of the Securities Exchange Act of 1934.
“The proposal instead represented an attempt by Nasdaq and SEC to use their ‘leverage over market participants’ to remedy a societal challenge that bore no relation to ‘the authority granted them in the Exchange Act,’” the decision said.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2025-02-13T15:11:00Z By Aly McDevitt
Apple, one of the most valuable tech giants on the planet, is pushing back against pressure to stop diversity, equity, and inclusion efforts, saying that “a culture of belonging” remains a core value of the organization.
2024-08-21T19:38:00Z By Aaron Nicodemus
A federal judge struck down the ban on noncompete clauses by the Federal Trade Commission that was set to take effect in September.
2024-06-28T19:55:00Z By Aaron Nicodemus
The Supreme Court of the United States overturned a long-held precedent in which courts deferred to federal agencies in interpreting complex or ambiguous regulations–a decision that could make thousands of federal regulations more vulnerable to legal challenges.
2025-04-21T12:00:00Z By Neil Hodge
The United Kingdom’s latest effort to encourage regulators to pare down rules to attract companies and investment as a way to stimulate the economy has received mixed reviews from lawyers.
2025-04-18T14:01:00Z By Aaron Nicodemus
A federal judge has ruled that Google “willfully engaged in a series of anticompetitive acts” in the advertising technology industry, the latest antitrust setback in what could become a string of losses for tech companies.
2025-04-16T12:00:00Z By Ruth Prickett
The U.K. has pressed pause on artificial intelligence regulation as its government comes under twin pressures from those who fear the growing power of unregulated AI and the overriding need to generate growth. The postponement of long-expected legislation means that the U.K. is left sitting on the fence between federal ...
Site powered by Webvision Cloud