United States Seventh Circuit

In an agency action to force a company into compliance with the registration, organization and reporting provisions of the Investment Company Act, an injunction requiring registration as an investment company is reversed where the company had reallocated its assets so as to fall outside of the Act's requirements, and the company is allowed to drop the registration regardless of whether the SEC approves of the step.

Appellate Information

• Decided 05/15/2007
• Published 05/15/2007

Judges

• EASTERBROOK, Chief Judge., Before EASTERBROOK, Chief Judge, and POSNER and EVANS, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellees:
  
• John W. Avery (argued), Securities & Exchange Commission Office of the General Counsel, Washington, DC, for Plaintiff-Appellee., Maureen E. Mahoney (argued), Latham & Watkins, Washington, DC, for Defendant-Appellant.