( August 3, 2026, 8:51 AM EDT) -- WASHINGTON, D.C. — A District of Columbia Circuit U.S. Court of Appeals panel ruled that the Securities and Exchange Commission was wrong to issue a “boilerplate” denial of a broker-dealer’s request for rulemaking to abrogate the Financial Industry Regulatory Authority’s arbitration rules, finding that the SEC must provide a more in-depth explanation for its denial....