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12/28/16

U.S. Appeals Court Rejects SEC's Use Of Administrative Law Judges



Reuters reports that A divided federal appeals court has ruled that the U.S. Securities and Exchange Commission's in-house administrative judges are not constitutionally appointed, raising the prospect that the U.S. Supreme Court may need to address the issue. The ruling by the 10th U.S. Circuit Court of Appeals in Denver in the case of Colorado businessman David Bandimere marked a major setback for the SEC amid attacks by defendants who question the fairness of its administrative court system. The holding on Tuesday marked a departure from the U.S. Court of Appeals for the District of Columbia Circuit, which in August upheld the SEC's use of in-house judges. The Supreme Court often reviews matters where circuit courts are split. http://bit.ly/2iiA6J6 http://bit.ly/1fJ5yqZ This video was produced by YT Wochit News using http://wochit.com


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