SEC Has Right To Adjudicate Enforcement Proceedings, SEC Argues To High Court

(September 1, 2023, 9:00 AM EDT) -- WASHINGTON, D.C. — In a petitioner brief before the Supreme Court in a securities fraud case involving a hedge fund manager, the Securities and Exchange Commission argues that Congress acted within the rights established by the Constitution when it granted the SEC the choice to determine whether to bring a case before a federal district court or to bring an enforcement action internally and also says SEC administrative law judges (ALJs) are protected from at-will removal....