On November 8th, the SEC denied the motion of the American Petroleum Institute, Chamber of Commerce of the United States of America, Independent Petroleum Association of America, and National Foreign Trade Council to stay the November 13, 2012 effective date of the Commission's resource extractor disclosure rules. The Commission found movants failed to demonstrate the irreparable harm and the likelihood of success on the merits needed to obtain a stay. SEC Order.
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SEC denies motion to stay the effective date of its resource extractor disclosure rules
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