We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Should Abandon Fight For Rule: Survey

Law360 (April 27, 2007, 12:00 AM EDT) -- A majority of investors believe that the U.S. Securities and Exchange Commission should halt its efforts to implement a rule that would exempt certain brokers from regulation, according to a recently published survey.

The survey, conducted by investment advisor Zero Alpha and released on Thursday, shows that of the investors surveyed, 90% believe that the SEC should not appeal a March 30 decision that struck down a rule that would have exempted brokers working on fee-based accounts from federal regulation.

The U.S. Court of Appeals for...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.