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Challenging FINRA's Constitutionality and SEC's Climate Regulation Efforts
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Overview
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NCLA files amicus brief challenging FINRA's constitutionality, arguing it violates Article II of the Constitution and the private nondelegation doctrine. SEC Chairman's efforts to turn the agency into a climate regulator raise concerns about lack of legal authority and climate expertise.
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How can the financial markets be protected from the potential negative effects of SEC's neglect of existing responsibilities?
How might the outcome of the amicus brief impact the future of FINRA's regulation?
What steps can the SEC take to address the concerns raised by its Chairman's efforts?
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