The Securities and Exchange Commission is an agency that tends to generate few headlines, and is also one that is not known for being particularly responsive to change in real time. In the last few days, however, the SEC found itself in the midst of a significant policy shift by the Justice Department in a key case that may be heard by the U.S. Supreme Court, and in less than a day, the Commission announced a fundamental change in the way it selects the judges that hear its administrative enforcement cases.
via Messy Clouds and Inferior Officers—The SEC, ALJs and Order Maintained | Bloomberg BNA
