Get the SEC Out of the PR Business – WSJ

Press releases are par for the course when the Securities and Exchange Commission files a case in federal court that it must later prove to a judge or jury. But the agency is increasingly shunting cases into its own administrative proceedings, where it initiates the prosecution and ultimately decides guilt or innocence—along with the severity of any sanctions—subject to only limited review in court.

via Russell G. Ryan: Get the SEC Out of the PR Business – WSJ