On April 30th, the D.C. Circuit Court dismissed a petition challenging the non-core market data fees charged by various stock exchanges. The Court originally addressed the issue in 2010, finding the SEC's approval of the fees to be arbitrary and capricious. Since then, the Dodd-Frank Act amended the Securities Exchange Act, requiring the SEC to grant immediate effectiveness to changes in market data fees. After the exchanges filed fee changes post-Dodd-Frank Act, which were effective upon filing, petitioners again challenged those fees. Now, the Court dismissed the petitions because the Dodd-Frank Act deprived the Court of jurisdiction. NetCoalition v. SEC.