The U.S. Securities and Exchange Commission has dismissed its first-ever enforcement action with prejudice related to the 2016 liquidity risk management rule, a case initially filed in 2023, in which Stradley Ronon represented the two mutual fund independent trustees. Ignites reported the agency’s decision follows a March ruling in which the presiding judge ordered both sides to submit new arguments addressing the implications of the U.S. Supreme Court’s 2023 decision overturning the Chevron doctrine. Read the full article (subscription required).