Supreme Court’s conservatives voice concerns about SEC’s in-house enforcement ...Middle East

The Supreme Court’s conservatives expressed concerns during oral arguments Wednesday about the Securities and Exchange Commission’s (SEC) abilities to use in-house judges in seeking civil penalties for fraud. One of several attacks being waged by conservative and business interests against the executive branch, the case could claw back the SEC’s and other agencies’ powers to enforce regulatory schemes. The justices are reviewing a ruling that tossed civil penalties imposed against conservative radio host George Jarkesy, who was found to have violated securities laws while managing two hedge funds. On three separate constitutional grounds, the 5th Circuit Court of Appeals invalida

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