SEC Again Rejects Constitutional Challenges to Administrative Enforcement Proceedings | Corporate Defense and Disputes

The Securities and Exchange Commission again rejected constitutional challenges to the use of administrative enforcement proceedings presided over by Administrative Law Judges (“ALJs”).  The Commission’s September 17, 2015 decision in In the Matter of Timbervest, LLC – the Commission’s second ruling on the constitutional issue in the past two weeks – rebuffed arguments that ALJ proceedings such as this one violated the Constitution’s Appointments Clause and removal provisions and deprived respondents of equal protection of the laws.

via SEC Again Rejects Constitutional Challenges to Administrative Enforcement Proceedings | Corporate Defense and Disputes