U.S. Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street, legal experts said
The Supreme Court ’s move to curb federal agency powers could curtail efforts by the U.S. Sec urities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday’s landmark ruling.
The SCOTUS decision, made 6-3, is likely to tie the SEC’s hands as it rolls out new rules, according to half a dozen legal experts. The SEC will likely have more reason to pause before acting when seeking to police new financial instruments, said Cary Coglianese, a law professor at the University of Pennsylvania who specializes in regulation.
Proponents of the approach argue that the Chevron deference allows federal regulatory bodies to adapt to changing times and circumstances. But the Chevron doctrine has come under growing criticism from conservatives, arguing it allows rule-writers to overstep their legal authorities. “Going forward, agency action will be under even greater scrutiny and there will likely be more opportunities for the regulated community to challenge agency rules and adjudications,” said Varu Chilakamarri, a partner at K&L Gates.
Sec Court Ruling Rule Chevron Law Decision ESG U.S. Securities And Exchange Commission Chevron
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis-Wall Street's top regulator faces worsening battle in wake of Supreme Court rulingThe Supreme Court's move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police ...
Read more »
Bedrock Wall Street Rules Threatened by Supreme Court RulingWall Street is poised to win more battles with the US Securities and Exchange Commission after the Supreme Court weakened a decades-old legal doctrine that gave federal agencies expansive leeway to interpret the law.
Read more »
Iowa’s Supreme Court tells lower court to let strict abortion law go into effectThe Iowa Supreme Court has reversed a lower court ruling that put a temporary block on the state’s strict abortion law.
Read more »
Iowa’s Supreme Court tells lower court to let strict abortion law go into effectThe ruling is a win for Republican lawmakers, and Iowa joins more than a dozen other states with restrictive abortion laws following the overturning of Roe v. Wade
Read more »
Iowa’s Supreme Court tells lower court to let strict abortion law go into effectDES MOINES, Iowa (AP) — The Iowa Supreme Court has reversed a lower court ruling that put a temporary block on the state’s strict abortion law, and is telling the lower court to let the law take effect.
Read more »
Iowa’s Supreme Court tells lower court to let strict abortion law go into effectDES MOINES, Iowa (AP) — The Iowa Supreme Court has reversed a lower court ruling that put a temporary block on the state’s strict abortion law, and is telling the lower court to let the law take effect.
Read more »