Supreme Court declines to hear effort to appeal SEC's rescinded gag rule - press
(US) Supreme Court declines to hear effort to appeal SEC's rescinded gag rule - press
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01:50:09 PM UTC
SQUAWKNEWS
CONTEXT: The Supreme Court declined to hear a challenge to the SEC’s former “no-deny” settlement rule, often called the “gag rule,” which had barred settling defendants from publicly denying SEC allegations. This is mostly a follow-up, not a market-moving fresh policy change, because the SEC already rescinded the rule in May 2026 and said it would not seek to enforce existing no-deny provisions. The denial is broadly in line with expectations after rescission reduced the practical need for Supreme Court review, though it leaves lower-court rulings intact rather than creating a new nationwide First Amendment precedent. - - Background Link:
CONTEXT: The Supreme Court declined to hear a challenge to the SEC’s former “no-deny” settlement rule, often called the “gag rule,” which had barred settling defendants from publicly denying SEC allegations.
This is mostly a follow-up, not a market-moving fresh policy change, because the SEC already rescinded the rule in May 2026 and said it would not seek to enforce existing no-deny provisions.
The denial is broadly in line with expectations after rescission reduced the practical need for Supreme Court review, though it leaves lower-court rulings intact rather than creating a new nationwide First Amendment precedent. - - - Background Link: