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SEC ‘Gag Orders’ at Risk as Skeptical Court Takes Up Challenge

January 24, 2024

… “We view this as one of the biggest, clearest First Amendment breaches by an agency that’s ever been done,” said Kara Rollins, an attorney with the New Civil Liberties Alliance, which represents Novinger and his company, ICAN Investment Group LLC…

The policy is unusual among federal regulators—only the Commodity Futures Trading Commission insists on similar conditions, the NCLA said in court filings…

… The NCLA filed an amicus brief on Jan. 19 supporting Musk’s bid for review…

And the NCLA continues to press the SEC to rescind the no-deny policy, filing a renewed petition with the agency last month…


Originally Published in Bloomberg Law