Overview The Securities and Exchange Commission (SEC) has announced the adoption of new rules aimed at enhancing the governance of registered clearing agencies. These rules are designed to mitigate conflicts of interest within their boards of directors or equivalent governing bodies. SEC Chair’s Statement SEC Chair Gary Gensler expressed his support for these rules, emphasizing their role in strengthening the

Background of the Case In the case of Securities & Exchange Commission v. Govil, the United States Court of Appeals for the Second Circuit made a significant decision impacting the Securities and Exchange Commission (SEC)’s enforcement abilities. This case revolved around allegations by the SEC that the defendant, associated with the company Cemtrex, misled investors and misused their funds for