/U.S. Supreme Court Ruling: SEC Judges Must be Appointed

U.S. Supreme Court Ruling: SEC Judges Must be Appointed

WHAT HAPPENED?

On June 21st, 2018, the U.S. Supreme Court ruled that Securities and Exchange Commission (SEC) administrative law judges are “Officers” and thus must be appointed by the president, the “Heads of Departments”, or “Courts of Law”, rather than by SEC staff.  The decision in Lucia v. Securities and Exchange Commission will likely affect cases pending with the SEC and hundreds of administrative judges.

Source: “Lucia v. Securities and Exchange Commission.” Oyez, 21 Jun. 2018, www.oyez.org/cases/2017/17-130.

By | 2018-06-22T13:52:51+00:00 Jun 22nd, 2018|Fairview Flash Reports, U.S. Securities and Exchange Commission|

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