No High Court Review Of Lucia-Related Ruling Necessary, SEC Argues

(April 12, 2019, 12:40 PM EDT) -- WASHINGTON, D.C. — U.S. Supreme Court review of a Ninth Circuit U.S. Court of Appeals’ holding that defendants in a Public Company Accounting Oversight Board (PCAOB) action forfeited their constitutional arguments against the appointment of the hearing officer by not specifically naming the appointments clause of the U.S. Constitution in their arguments is unwarranted because the Ninth Circuit’s decision does not conflict with any decision of another federal court of appeals, the Securities and Exchange Commission argues in a March 28 opposition brief filed in the Supreme Court (Kabani & Co. Inc., et al. v. U.S. Securities and Exchange Commission, No. 18-1117, U.S. Sup., 2019 U.S. S. Ct. Briefs LEXIS 1194)....