High Court Declines Review Of SEC Enforcement Action Against Broker-Dealer

Mealey's (November 9, 2021, 11:59 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Nov. 8 declined review of a federal appellate court’s ruling that the Securities and Exchange Commission was exercising its authority under provisions of the Securities Exchange Act of 1934 when it filed an enforcement action against a broker-dealer stemming from the defendant’s alleged failure to comply with the reporting provisions of the Bank Secrecy Act (BSA)....