5th Circuit To Reconsider SEC’s Right To Enact Nasdaq Board Makeup Rule

(February 22, 2024, 3:20 PM EST) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals granted a petition for en banc rehearing filed by two entities who question whether the Securities and Exchange Commission had the right to approve a rule implemented by the Nasdaq Stock Market LLC that requires companies listed on the exchange to publicly disclose information about the race and gender identity of their board members....

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