SEC Dealer Rule Becomes the Latest Gensler Policy to Land in Court

Also, Americans for Financial Reform analysis pans Capital One-Discover deal

Add the SEC rule setting new oversight for large traders of government bonds to the growing list of Gary Gensler policies being challenged in the federal courts. The suit, brought today by several hedge fund trade associations, bluntly calls out the agency for trying to “vastly expand its authority by adopting a sweeping, unprecedented new interpretatio…