Briefing continues in litigation aimed at overturning the SEC’s Regulation Best Interest.

After the parties filed their briefs on December 27, the amicus front heated up.  The Public Investors Arbitration Bar Association filed an amicus brief citing some academic works by Rutger’s Arthur Laby, and St. John’s Christine Lazaro.  Better Markets and the Consumer Federation also filed an amicus brief–also citing influential work by Arthur Laby.  Even former members of congress–notably Dodd and Frank have weighed in arguing that the SEC misread Dodd-Frank.

It’s worth following the case as it continues to develop.