SEC Withdraws 14 Proposed Rules

Key Takeaways:

• On June 12, the SEC withdrew 14 proposed rules stating that it did not intend to issue final rules with respect to the proposals and that if the SEC decides to pursue future regulatory action in any of these areas, it will do so by publishing a new proposed rule or other issuance consistent with the requirements of the Administrative Procedure Act.
• The withdrawals are another signal that, under recently-confirmed Chairman Atkins, the SEC is resetting its substantive regulatory agenda.

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