Great News on the 151A Judicial Front!
Date:
Wed, 07/14/2010
Great news across the wire on the 151A Judicial front! Here is an excerpt from the Order:
"Having determined that the SEC's S. 2(b) analysis is lacking, we grant the petitions [assertion that] the SEC failed properly to consider the effect of the rule upon efficiency, competition, and capital formation… We therefore order that Rule 151A be vacated."
Read the Vacate order here: VACATE ORDER
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