Hedge Fund Manager Tells High Court SEC ALJs Violate Constitutional Rights

(October 12, 2023, 2:14 PM EDT) -- WASHINGTON, D.C. — A hedge fund manager says the Fifth Circuit U.S. Court of Appeals was correct to vacate a Securities and Exchange Commission enforcement action against him, arguing in an Oct. 11 respondent brief before the U.S. Supreme Court that the SEC’s use of administrative law judges (ALJs) to adjudicate enforcement actions violates multiple provisions of the U.S. Constitution....