Sullivan & Cromwell Discusses Recent Rulings’ Effects on SEC Use of Administrative Forum
Two cases—one recently accepted for review by the Supreme Court, and another recently decided by the Court of Appeals for the Fifth Circuit—could change the manner in which the SEC brings enforcement actions against those accused of violating federal securities laws.
The Supreme Court Accepts Cochran v. SEC
Congress has empowered the SEC to bring civil enforcement actions seeking a variety of sanctions, including monetary penalties, in either a federal court or in agency proceedings before administrative law judges (ALJs) at the SEC. On May 16, 2022, the Supreme Court agreed to hear a case about when and where the … Read more