DC Circ. Panel Presses SEC On Conflict Mineral Rule

Law360, Washington (January 7, 2014, 3:46 PM EST) -- A D.C. Circuit panel on Tuesday signaled skepticism over the U.S. Securities and Exchange Commission’s controversial conflict mineral rule, pressing the agency on whether it was going beyond its normal purview in demanding companies publicly disclose their potential use of conflict minerals.

At oral argument in a case between a group of business lobbying groups and the SEC, U.S. Circuit Judges David B. Sentelle and A. Raymond Randolph questioned the commission about whether or not the rule’s disclosure requirement runs afoul of both the First Amendment...
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