Gauging SEC Short-Sale Rules' Future After 5th Circ. Remand
By Scott Budlong ( October 2, 2025, 3:39 PM EDT) -- In an Aug. 25 opinion that many will consider a victory for the hedge fund community, a U.S. Court of Appeals for the Fifth Circuit panel remanded to the U.S. Securities and Exchange Commission two Biden-era rules requiring disclosure of securities lending and short-sale activity.[1] The panel directed the SEC to consider the rules' cumulative economic impact....
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