Court reverses SEC ruling on SPIKES futures, calls it “arbitrary and capricious”

Dato · 07-31-2023, 06:43 AM

Court reverses SEC ruling on SPIKES futures, calls it “arbitrary and capricious”

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-07/643303c8-16bd-4ee8-a983-45a1b78ee66c.jpg"></p><p>The decision relates to an SEC order from 2020 exempting the SPIKES Index from the definition of securities futures.</p>

https://cointelegraph.com/news/dc-circui...capricious

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