Mealey's (June 12, 2020, 9:37 AM EDT) -- WASHINGTON, D.C. — Vacating a Securities and Exchange Commission’s ruling that fees charged by two securities exchanges are not justified, a District of Columbia Circuit U.S. Court of Appeals panel on June 5 ruled that Section 19(d) of the Securities Exchange Act of 1934 “is not available as a means to challenge generally-applicable fee rules,” sending an action brought by two securities industry groups back to the SEC for further review (The Nasdaq Stock Market LLC v. Securities and Exchange Commission, et al., Nos. 18-1292 and 18-1293, D.C. Cir., 2020 U.S. App. LEXIS 17707)....