High Court Hears Oral Arguments In SEC ALJs Appointments Dispute

Mealey's (April 24, 2018, 2:09 PM EDT) -- WASHINGTON, D.C. — During oral arguments on April 23, the U.S. Supreme Court appeared to be divided as to whether administrative law judges (ALJs) of the Securities and Exchange Commission are inferior officers and are, thus, subject to the appointments clause of the U.S. Constitution (Raymond J. Lucia, et al. v. Securities and Exchange Commission, No. 17-130, U.S. Sup.)....