Bedrock Wall Street Rules Threatened by Supreme Court Ruling

Bloomberg – In a story about rolling back Chevron deference and the implications for the Securities and Exchange Commission, Healthy Markets President & CEO Tyler Gellasch is quoted saying “Even before the decision, the regulator faced increasingly critical courts, he said in an interview before the opinion. Losing deference from the courts cripples the ability of the SEC to oversee the rapidly changing markets, said Gellasch, adding that Congress is unlikely to fill the void. Changing the law is too slow, too hard and too skewed toward those with the money to effectively police the markets.” (Full Story).

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