SEC Will Not Appeal Resource Extraction Decision

more+
less-

The United States District Court for the District of Columbia previously vacated the SEC resource extraction disclosure rules.  According to various published press reports, the SEC will not appeal the decision.  “The court remanded the matter for further SEC proceedings, which the commission will undertake informed by the court’s decision” according to remarks attributed to an SEC official.  We surmise that means the SEC will propose a new rule consistent with the court decision.