Ripple CLO: A court strongly criticizes the SEC for illegally rescinding regulations regarding proxy advisory firms
ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty posted on X that yet another court has criticized the U.S. Securities and Exchange Commission. This time, the SEC illegally revoked a regulation regarding proxy advisory firms without complying with the Administrative Procedure Act.
The court explained that Gary Gensler personally directed this illegal action. The case is "National Association of Manufacturers v. SEC."
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