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US Supreme Court faults SEC's use of in-house judges in latest curbs on agency powers
The U.S. Supreme Court rejected on Thursday the Securities and Exchange Commission's in-house enforcement of laws protecting investors against securities fraud, dealing a blow to the agency's powers in a ruling that could reverberate through other federal regulators.
The decision - a setback for President Joe Biden's administration - upheld a lower court's decision siding with George Jarkesy, a Texas-based hedge fund manager who contested the legality of the SEC...
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