SEC faces avalanche of lawsuits from states, companies, and nonprofits over climate rule
West Virginia Attorney General Patrick Morrisey said the SEC is exceeding the authority Congress granted it to be a financial regulator.
More than half the states in the U.S. filed lawsuits this month against the Securities and Exchange Commission over the climate disclosure rules it finalized last week.
On top of state lawsuits, the SEC is facing legal challenges from companies, nonprofits and business advocacy groups.
A U.S. appeals court on Friday temporarily paused the new rules.
As long as they’re getting piled on someone should throw in all the naked short selling they turn a blind eye to!