May 15, 2007
Brokerage Industry "Outraged" At SEC's Decision Not to Ask for Rehearing in FPA v. SEC
SIFMA (the Securities Industry and Financial Markets Association) issued a press release announcing it is "outraged" that the SEC is not asking for a rehearing in FPA v. SEC and accuses the agency of leaving investors in the lurch. It also said that the four-month delay that the SEC has requested from the D.C. Court is not sufficient to deal with the transition.
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