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The Supreme Court's conservative justices seemed highly skeptical of how the Securities and Exchange Commission conducts in-house enforcement proceedings to ensure the integrity of securities markets.
The Supreme Court's conservative justices seemed highly skeptical of how the Securities and Exchange Commission conducts in-house enforcement proceedings to ensure the integrity of securities markets.
The right-wing Supreme Court justices occasionally tipped into outright hostility Wednesday as they plied the government lawyer with questions and hypotheticals about stripping the SEC of some of its enforcement discretion.
The Supreme Court heard oral arguments Wednesday in a case that questions whether Congress has the right to empower federal agencies to utilize administrative law judges.
A challenge to the U.S. Securities and Exchange Commission's powers to protect investors from fraud comes before the Supreme Court on Wednesday in another in a series of legal attacks against federal agencies that regulate financial markets. The justices are due to hear arguments in an appeal by President Joe Biden's administration of a lower court's ruling restricting the SEC's power to enforce securities laws through the agency's longstanding in-house tribunal system. The case involves hedge fund manager George Jarkesy, who the SEC fined and barred from the industr...