Gensler May be Gone, But SEC is Still Getting Sued Over Rules

Also, Cato looks at `right-sizing' regulation; SEC to meet next week on Form PF extension

The lawsuit, filed in a Texas federal court this week, repeated a familiar refrain. The SEC regulation was “arbitrary and capricious.” The agency “failed to engage in reasoned decision-making,” neglected to “consider and address relevant comments” and didn’t “provide good reasons for changing policy positions.”

The arguments (and choice of venue) are all…