Thursday, June 27, 2024

Breaking News: Supreme Court knocks down Wall Street regulator’s in-house courts

Politico
Breaking News Alert

Supreme Court knocks down Wall Street regulator's in-house courts

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 of corporate watchdogs across the federal government.

In a 6-3 decision along 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.

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