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DC Circ. Tosses SEC's Futures Rule Change As Arbitrary

By Katryna Perera ( July 28, 2023, 5:13 PM EDT) -- The D.C. Circuit on Friday reversed a ruling by the U.S. Securities and Exchange Commission ordering that SPIKES Index securities be treated as futures rather than security futures, finding that the regulator didn't adequately explain its reasoning behind the change....

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