In High Court Briefing, Parties Argue That SEC ALJs Are Inferior Officers

Mealey's (February 26, 2018, 2:50 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court should determine that Securities and Exchange Commission administrative law judges (ALJs) are inferior officers and, therefore, are subject to the appointments clause of the U.S. Constitution, defendants and the SEC argue in merits briefs filed Feb. 21 in the Supreme Court (Raymond J. Lucia, et al. v. Securities and Exchange Commission, No. 17-130, U.S. Sup.)....

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