Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:No Appeal for Chamber of Commerce Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 15, 2005

No Appeal for Chamber of Commerce

by: Sean Hanna, Editor in Chief

The U.S. Chamber of Commerce's efforts to forestall the implementation of the SEC's new fund director rules are themselves stalled. The case appeared to end on Tuesday when the U.S. Court of Appeals in Washington declined to hear an appeal of a lower court ruling in favor of the SEC.

The Chamber of Commerce has fought the rules that would require additional independent directors and that fund boards be led by independent chairs.

Last month a court ordered a stay in the implementation of the rules that is not effected by this weeks ruling. The chamber is expected to file a brief in that case and that court is expected to also hear oral arguments in the case.

In June, the court found in favor of the chamber and ordered the SEC to reconsider the rules in light of their costs and possible alternatives to accomplishing the same objectives. The SEC responded by reissuing the rules on June 29 leading the chamber to again sue the SEC. The court implemented the stay on the rules in response to that suit. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use