(December 11, 2015, 11:35 AM EST) -- BOSTON — A First Circuit U.S. Court of Appeals panel on Dec. 8 ruled that a Securities and Exchange Commission administrative judge order against two former employees of State Street Bank and Trust Co. was in error because the SEC’s ruling was not “supported by substantial evidence” (John P. Flannery v. Securities & Exchange Commission, No. 15-1080; James D. Hopkins v. Securities & Exchange Commission, No. 15-1117, 1st Cir.)....