SEC Seeks Rehearing Of 10th Circuit Ruling That ALJs Are Inferior Officers

Mealey's (March 16, 2017, 2:20 PM EDT) -- DENVER — An appellate panel erred in holding that the Securities and Exchange Commission’s administrative law judges (ALJs) are inferior officers and subject to appointment pursuant to the appointments clause of the U.S. Constitution, the SEC argues in a March 13 petition for rehearing or rehearing en banc filed in the 10th Circuit U.S. Court of Appeals (David F. Bandimere v. Securities and Exchange Commission, No. 15-9586, 10th Cir.)....