U.S. Supreme Court,
Securities,
Government,
Administrative/Regulatory
Jun. 22, 2018
Supreme Court invalidates SEC’s use of administrative law judges
The U.S. Supreme Court invalidated the Security and Exchange Commission’s use of administrative law judges in a 7-2 decision, overturning the status quo in the agency’s enforcement proceedings and creating a deluge of unanswered questions.
The U.S. Supreme Court invalidated the Securities and Exchange Commission’s use of administrative law judges in a 7-2 decision that upends the agency’s enforcement proceedings and creates a host of questions.
The ruling could impact cases going back decades, and its scope is still unclear. Defendants who have received unfavorable rulings from the commission’s in-house judges are expected to race to the courthouse in an attempt to ha...
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