US Appeals Court Remands SEC Short Sale, Securities Lending Rules

Elevation Point has taken a minority non-voting stake in Loxahatchee Capital, a Florida-based multi-family office managing $1.4 billion in assets, marking part of its broader growth strategy in wealth management with investments totaling about $9.6 billion in client assets. Loxahatchee Capital, led by seasoned professionals from prominent firms like UBS and Morgan Stanley, has established its headquarters in Jupiter-Tequesta, Florida, and is actively pursuing partnerships with high-net-worth private investors and institutions. Meanwhile, the U.S. Court of Appeals for the Fifth Circuit ruled that the SEC failed to fully assess the economic impact of certain securities regulations, remanding the Short Sale Rule and Securities Lending Rule for further review. In response, SEC Chairman Paul S. Atkins has directed staff to reevaluate these rules and consider potential amendments. These developments reflect ongoing regulatory scrutiny and strategic capital movements within the investment management and wealth advisory sectors.