State of New York, et al. v. SEC
Published on:
March 10, 2020
Committee:
Court:
U.S. Court of Appeals
(Second Circuit)
Amicus Issue:
Whether the SEC exceeded its authority in adopting Reg BI instead of establishing a uniform fiduciary standard for broker-dealers and investment advisers as permitted under Dodd-Frank Section 913. Whether the SEC conducted an adequate cost-benefit analysis in adopting Reg BI.
Counsel of Record:
Wilmer Cutler Pickering Hale and Dorr LLP
Kelly P. Dunbar
Other Amici:
U.S. Chamber of Commerce
American Council of Life Insurers
Financial Services Institute