Last week, a federal appeals court ruled that one section of the Securities and Exchange Commission’s conflict mineral rule, its response to Sect. 1502 of the Dodd-Frank financial reform law, was unconstitutional. At issue was the mandate that public companies declare, in their SEC filings and on their websites, whether their minerals were conflict-free. The term conflict-free, the court felt, connotes a value judgment, and requiring companies to use a term they may not agree with (a “metaphor… …read more

Source: JCK Online Cutting Remarks – Diamond Industry News – Rob Bates