The in-house proceedings the SEC has used in some civil fraud complaints violate the Constitution, the court said. The Supreme Court on Thursday stripped the Securities and Exchange Commission (SEC) of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies.
Supreme Court Rejects Sec’s In-house Courts—a Critical Enforcement Tool In Fraud Cases
Associated Press, Fast Company
Thu, 06/27/2024 - 3:45pm
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