SCOTUS invalidated the SEC’s use of in-house #legal proceedings to #discipline those it believes have committed #fraud — a blow to the #FederalAgency in one of several cases this term challenging the #power of the #ExecutiveBranch.
The court said the SEC’s internal tribunals (not fed courts) to bring #enforcement actions in #securities fraud cases violates the Constitution. The decision has implications for #RegulatoryAgencies.
