SEC’s Use of In-House Judges Will Get US Supreme Court Review
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The US Supreme Court will review a ruling that cast a constitutional cloud over the use of in-house judges to handle cases pressed by the Securities and Exchange Commission.
The justices said they will hear a Biden administration appeal that contends the federal appeals court ruling will have “massive practical consequences” across the government if not overturned. The decision by the 5th US Circuit Court of Appeals found multiple flaws with a system the SEC uses for hundreds of cases a year.