In somewhat of a surprising turn of events, on February 19, 2025, the U.S. Securities and Exchange Commission (SEC) filed voluntary motions to dismiss its appeals of parallel decisions handed down by U.S. District Judge Reed O’Connor. These decisions had vacated the SECās February 2024 āDealer Ruleā that sought to broaden the definition of ādealerā to include proprietary trading firms, certain hedge funds, and crypto firms. This move by the SEC is another indication in…
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Recent
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