Oxfam America Sues The SEC (Again) For Dilatory Rule Making
Recently, I wrote of the shamelessness of the Securities and Exchange Commission targeting late filers even while it continues to miss many legal deadlines itself. In that post, I mentioned that the SEC adopted resource extraction rules only after being sued by Oxfam America. Thereafter, U.S. District Court Judge in American Petroleum Institute v. SEC, 953 F. Supp. 2d 5 (D. D.C. 2013). Although more than a year has passed, the SEC has yet to propose a rule. This morning, Oxfam America announced that it has sued the SEC again for failing to comply with Congress’ mandate.