Monday, February 22, 2016

Congress to Address SEC Administrative Hearing Abuses

According to InvestmentNews, Rep. Luke Messer, R-Ind., a member of the House Financial Services Committee, plans to introduce legislation in coming weeks that would give people appearing in administrative proceedings the same rights to counsel, evidence discovery and avoiding self-incrimination that they would have in federal court.

Having the ability to ask for documents and ask questions before a hearing is a basic right in our adversary system. It is about time someone addressed the abuses in the SEC system.

Lawmaker wants to give SEC defendants greater rights

Related Articles:

The Securities Law Blog: SEC's Use of Administrative Hearings Under Fire

How the SEC Avoids Judicial Oversight and the Constitution

Judge Rakoff Questions the SEC's Overuse of Administrative ...

SEC Faces Challenges Over the Constitutionality of Some of its Court Proceedings.

Mark Astarita and the attorneys at Sallah Astarita & Cox regularly represent investors and financial professionals in SEC and FINRA investigations and enforcement proceedings. To discuss a case, call 212-509-6544 or send an email to

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