- 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.
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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.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
2025-03-19T13:00:00Z By Aaron Nicodemus
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
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