D.C. Circuit reverses SEC ruling on SPIKES futures, calls it “arbitrary and capricious”
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D.C. Circuit reverses SEC ruling on SPIKES futures, calls it “arbitrary and capricious”

30 July 2023
D.C. Circuit reverses SEC ruling on SPIKES futures, calls it “arbitrary and capricious”

The decision relates to an SEC order from 2020 exempting SPIKES Index from the definition of securities futures.

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