Podcasts Government Administrative Static Podcast NCLA Asks en Banc Fifth Circuit to Overturn Nasdaq Board Diversity Rules as Unauthorized by Statute

NCLA Asks en Banc Fifth Circuit to Overturn Nasdaq Board Diversity Rules as Unauthorized by Statute

Published: Dec. 2, 2023, 9:27 p.m.

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The Securities and Exchange Commission-approved \\u201cBoard Diversity Rules\\u201d impose race, gender and sexual orientation-based quotas on the corporate boards of companies listed on the Nasdaq stock exchange. NCLA has petitioned the U.S. Court of Appeals for the Fifth Circuit for en banc rehearing of its National Center for Public Policy Research v. SEC lawsuit against these rules, including one in which SEC furnishes lists of quota-satisfying names to companies unable to meet such quotas on their own. These rules must be set aside, as SEC has no statutory authority to promulgate them.

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Peggy talks about NCLA\\u2019s petition for review in NCPPR v. SEC.

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