The Securities and Exchange Commission faces a “crisis of confidence” over its in-house court, a former top agency official on Wednesday told a congressional panel examining legislation to reform the tribunal.
Joseph Grundfest, a former SEC commissioner who is now a law professor at Stanford University, said there were “fundamental issues of fairness” raised by the agency’s increasing use of its five administrative law judges, including for serious cases.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn