SEC: Hedge Fund Manager Wrong To Say ALJs Have Multiple Layers Of Protection

(November 15, 2023, 1:41 PM EST) -- WASHINGTON, D.C. — A hedge fund manager and his fund fail to justify key aspects of a finding from the Fifth Circuit U.S. Court of Appeals, including that Congress violated the Constitution by granting the Securities and Exchange Commission the ability to adjudicate violations of securities law, the SEC says in a reply brief before the U.S. Supreme Court....

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