SEC wins case challenging conflict-mineral rule

07/24/2013 | Nasdaq.com

Two U.S. business groups seeking to overturn a Securities and Exchange Commission regulation requiring companies to report their use of so-called conflict minerals had their case rejected by a U.S. District Court judge. The two groups, the National Association of Manufacturers and the U.S. Chamber of Commerce, argued that the rule violated their First Amendment rights. The judge also said the SEC doesn't have to evaluate whether its rule will meet Congress' humanitarian objectives in its legislation.

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