Investors Tell High Court SEC Rule Must Be Able To Form Basis Of Private Claims

Mealey's (December 21, 2023, 3:48 PM EST) -- WASHINGTON, D.C. — In its respondent brief on the merits in the U.S. Supreme Court, an investment company argues that an infrastructure company is effectively seeking to limit the scope of a Securities and Exchange Commission enforcement rule requiring disclosure of management analysis of a company’s financial situation by arguing that the rule cannot form the basis of claims that were brought privately....