Posted on 12/12/2024 7:47:53 AM PST by thegagline
A federal appeals court on Wednesday ruled that Nasdaq could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.
The New Orleans-based 5th US Circuit Court of Appeals on a 9-8 vote sided with two conservative advocacy groups in finding that the rules approved by the Securities and Exchange Commission ran afoul of federal securities law.
A three-judge panel of the 5th Circuit comprised entirely of appointees of Democratic presidents in October 2023 upheld the SEC’s 2021 decision to approve Nasdaq’s rules, saying the regulator acted within its authority. But the full conservative-majority court opted to reconsider the matter. All nine judges in the majority were appointed by Republican presidents, including the ruling’s author, US Circuit Judge Andrew Oldham, who was appointed by President-elect Donald Trump in his first term.
(Excerpt) Read more at nypost.com ...
You may ask, “who is ultimately responsible for this anti-white, racist rule?”
Hint: He belongs to the same “club” as Merrick Garland, Alejando Mayorkas, George Soros, Adam Schiff, etc.
Answer: Gary Gensler
This needs to be fixed by statute before the composition of the court changes to Democrat.
I can't find in the Constitution where either the SEC or even Congress has that authority. As far as I can tell, the entire existence of the SEC is not a Federal power under Article I, Section 8. We'd be better off with more competing exchanges with various groups also competing in the exercise of condensed metrics exposing corporate behavior. Socializing the oversight business has been a bad deal.
Who was the plaintiff who ended the Nasdaq anti-white, anti-man, rule and also ended affirmative action in colleges?
Edward Blum, a Jewish conservative activist.
If you are going to be a bigot on FR, you might want to get all the facts.
Ouch.
If they had allowed it, it would hasten NYC losing its hold on the stock market. Onward to Texas!
You stated the person who got the rule reviewed.
Can we can call you a racist, too, if you both are correct with your completely different answer perspectives?
Wow. Almost like it's a free country or something.
You can call me anything you want. I’d have to value your opinion to care.
I’m cool with that, bigot.
Can anyone self identify as anything?
There are a set of rules that govern who can and can't engage in self-identification.
A male can identify as a woman and a woman can identify as a man.
A half while and half black can only identify as a black. To acknowledge the white mother who raised, sheltered, and educated the half black person is racist.
Hispanics can identify as a race even though Hispanic is actually a loosely defined linguistic group. When a Hispanic is pronouncing their name or another Hispanic's name, they must roll their Rs and put on a heavy Speedy Gonzales accent. If a white or Asian person adopts this accent when pronouncing a Hispanic name it is considered racist and they will be sent to a counselor who will reeducate the aforesaid racist.
Finally, a dentist can identify as a Jew but a Jew cannot identify as a dentist.
1 judge kept the DEI tyranny being imposed on Nasdaq.
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