Supreme Court claws back SEC’s enforcement powers ...Middle East

The Supreme Court clawed back the Securities and Exchange Commission’s (SEC) powers on Thursday by invalidating the agency’s internal system used to seek civil fraud penalties.  The 6-3 decision rules unconstitutional the SEC’s in-house administrative courts, a key tool the SEC has leveraged in enforcing securities laws. The Biden administration has warned such an outcome would threaten agencies across the federal government that use similar setups.  The decision fell along ideological lines, with the conservatives in the majority and the liberals in dissent. Justice Sonia Sotomayor read her dissent aloud from the bench, a rarity used to underscore sharp disagreements in a case. It

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