Appeals Court Trashes SEC’s Demands for Board Diversity

By Bob Unruh December 13, 2024

[This article originally appeared on WND.com]

Decision finds agency simply lacked the authority to impose its requirements.
A federal appeals court has trashed the rules imposed by the Securities and Exchange Commission that required companies to have quotas from various population groups.

The decision found the SEC had no authority to impose its demands.

“We are grateful the court reached the right conclusion in this case,” Stefan Padfield, of the Free Enterprise Project, told USA Today. “The SEC was reaching beyond its statutory authority to try and engage in progressive social engineering. The court’s decision here is not only correct on the law, but also consistent with the will of the American people, who are sick and tired of seeing their government engage in divisive identity politics.”

Continued here:

https://www.thegatewaypundit.com/2024/12/appeals-court-trashes-secs-demands-board-diversity/