The high court, in a brief written order, said it would hear an appeal by a former investment adviser and media personality, Raymond Lucia, who is fighting an SEC judge’s 2013 decision to bar him from the industry. The SEC alleged that Mr. Lucia hyped how much research and backtesting he put into his “Buckets of Money” strategy that he promoted through two books. The SEC said Mr. Lucia used data that made his results look better, such as omitting the impact of advisory fees on returns.
via Supreme Court to Review Whether Hiring of SEC Judges Violated Constitution – WSJ
