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5th Circ. Casts Doubt On SEC's Updated Short-Selling Rules

By Jessica Corso (October 7, 2024, 9:37 PM EDT) -- A Fifth Circuit panel on Monday appeared skeptical of the U.S. Securities and Exchange Commission's arguments for maintaining two regulations aiming to bolster transparency around short selling in the marketplace, with one judge asking whether the agency was "having cake and eating it too," by claiming that the rules were not interconnected in a way that was fatally flawed....

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