Amici: High Court Should Hear SEC’s Jurisdiction Appeal Alongside FTC Appeal

(April 28, 2022, 8:57 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court should grant review of a divided en banc Fifth Circuit U.S. Court of Appeals’ ruling in an ongoing Securities and Exchange Commission enforcement action challenging whether SEC administrative law judges (ALJs) are constitutionally protected from removal under the Securities Exchange Act of 1934 and hear the appeal alongside an appeal in a Federal Trade Commission Act posing the same question, three investment professionals argue in an April 11 amicus curiae brief filed in the Supreme Court supporting the respondent in the action....