SEC Seeks Divided Argument In High Court Dispute Over ALJs

Mealey's (April 4, 2018, 2:03 PM EDT) -- WASHINGTON, D.C. — In a March 30 brief, the Securities and Exchange Commission asked the U.S. Supreme Court to grant divided argument for an appeal of a District of Columbia Circuit U.S. Court of Appeals ruling that SEC administrative law judges (ALJs) are not inferior officers and are not subject to the U.S. Constitution’s appointments clause (Raymond J. Lucia, et al. v. Securities and Exchange Commission, No. 17-130, U.S. Sup.)....