DC Circ. Decision Reaffirms SEC Authority Post-Loper Bright

By Charles Sommers, Daniel Feith and Thomas Archer ( December 5, 2025, 4:18 PM EST) -- On Oct. 14, the U.S. Court of Appeals for the District of Columbia Circuit denied a petition for review seeking to invalidate the U.S. Securities and Exchange Commission's 2024 amendments to Rules 610 and 612 of Regulation NMS. These amendments lowered the maximum fee that national securities exchanges may charge for executing against a quotation, and reduced the minimum trading increment, or tick size, for most exchange-listed securities....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login