Tag: Stays

SEC Accepts Pause on Its Climate Rule – WSJ

The Securities and Exchange Commission said Thursday it would pause the implementation of its new climate disclosure rule while it fights in court over the measure’s legality. The SEC will stay the rule, in part to avoid regulatory uncertainty as litigation proceeds, the agency said in a filing with the U.S. Court of Appeals for the Eighth Circuit. An appeals…

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Bharara Seeks Cohen Civil Case Stay Pending Criminal Outcome – Bloomberg

Manhattan U.S. Attorney Preet Bharara asked an administrative judge to stay the Securities and Exchange Commission’s action against billionaire Steven A. Cohen until related criminal cases against his hedge fund and two former employees are resolved. In a document dated July 26, Bharara said the SEC enforcement staff doesn’t object to postponing the administrative proceeding, which it filed on July…

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