Panel:  Portion Of SEC Market Consolidation Plan Not In Line With Securities Law

Mealey's (July 8, 2022, 2:23 PM EDT) -- WASHINGTON, D.C. — A District of Columbia Circuit U.S. Court of Appeals panel on July 5 partially granted petitions for review filed by three groups of securities exchanges challenging the Securities and Exchange Commission’s implementation of a plan consolidating existing national market system (NMS) plans for the dissemination of equity market data, ruling that one of the features of the consolidated plan is not in line with a provision of the Securities Exchange Act of 1934....