Mealey's (July 7, 2020, 1:25 PM EDT) -- WASHINGTON, D.C. — A District of Columbia Circuit U.S. Court of Appeals panel on June 16 ruled that the Securities and Exchange Commission lacked the necessary authority from Congress when it adopted a pilot program to gather data that may be used in taking future regulatory action on the fees charged by national securities exchanges (New York Stock Exchange LLC, et al. v. Securities and Exchange Commission, No. 19-1042, D.C. Cir., 2020 U.S. App. LEXIS 18860)....