The Supreme Court ruled Thursday that the Securities and Exchange Commission can’t rely on in-house courts to resolve certain enforcement disputes, a decision that could deliver a blow to a critical power ofalong ideological lines, the justices backed a challenge to the constitutionality of the SEC’s internal tribunals — a resounding win for conservatives who have argued for years that federal regulators wield too much authority with too little oversight.
The SEC has largely pulled back from its in-house courts, as they’ve faced mounting legal attacks from the right over the years. But the case threatens to upend other agencies that use similar courts in their oversight of the business world, including the Federal Trade Commission and the National Labor Relations Board.
Source: Law Daily Report (lawdailyreport.net)
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