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https://www.wsj.com/articles/nasdaq-board-diversity-rule-takes-center-stage-in-court-battle-11661799731

Lawyers for conservative groups argued in federal court Monday that Nasdaq push to set diversity targets for listed companies amounts to an illegal racial and gender quota. 

Two right-leaning groups sued the Securities and Exchange Commission last year, setting up a battle over the hot-button issue of corporate diversity and how far regulators can go to foster it. The groups sued the SEC because the agency approved Nasdaq’s listing rules, acting in its capacity as the stock exchange’s regulator.

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.