Wednesday, February 25, 2015

SEC Sued For Unconstitutional Use of Its Own Judges

English: The U.S. Securities and Exchange Comm...
Atlanta-based investment firm Gray Financial Group Inc. has sued the Securities and Exchange Commission in Georgia federal court, challenging the agency's use of its own administrative law judges rather than federal judges to try enforcement cases.

The lawsuit is the latest challenge to an SEC practice that has been increasing since the passage of the 2010 Dodd-Frank financial reform law.

For more information, see SEC sued for using its own judges and our prior commentary on the subject:

With 100% Success Rate, SEC's Use of In-House Judges Questioned by Commissioner Piwowar

SEC Faces Challenges Over the Constitutionality of Some of Its Court Proceedings

Judge Rakoff Questions the SEC's Overuse of Administrative Proceeding

SEC's Use of Administrative Hearings Under Fire

The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions and SEC administrative proceedings, For more information call 212-509-6544 or send an email.
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