Tuesday, July 13, 2010

Court Vacates Rule 151A

Great news across the wire yesterday on the 151A Judicial front!

"Having determined that the SEC's S.2(b) analysis is lacking, we grand the petitions [assertion that] the SEC failed properly to consider the effect of the rule upone efficiency, competition, and papital formation...We therefore order that Rule 151A be vacated."

CLICK HERE FOR VACATION DOCUMENT

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