U.S. Supreme Court May Curtail SEC's Administrative Powers
The U.S. Court of Appeals for the Fifth Circuit held the SEC violates the constitution when it brings civil securities fraud charges before its own Administrative Law Judges ALJs, decision will almost certainly be appealed to the U.S. Supreme Court.
United States Matthewp Allen Us Court Exchange Commissionv Cochran Exchange Commission Supreme Court
Source: natlawreview.com