Defendants Seek D.C. Circuit Rehearing On SEC ALJ Appointments Clause Ruling

(November 15, 2016, 12:15 PM EST) -- WASHINGTON, D.C. — Parties in an appeal of Securities and Exchange Commission cease-and-desist proceedings recently asked the District of Columbia Circuit U.S. Court of Appeals to consider whether rehearing en banc is necessary to determine whether a panel erred in ruling that the SEC’s appointment of administrative law judges (ALJs) was not in violation of the U.S. Constitution’s appointments clause (Raymond J. Lucia Companies Inc., et al. v. Securities and Exchange Commission, No. 15-1345, D.C. Cir.)....