December 16, 2016
The Fourth Circuit on Friday became the fifth appellate court to find challenges to the constitutionality of the U.S. Securities and Exchange Commission's administrative court must first be brought before the tribunal itself, sending a Maryland financial adviser to face a suit that has already resulted in more than $4 million in penalties.
June 02, 2016
In three appeals, the U.S. Securities and Exchange Commission filed notice of the Second Circuit's day-old decision shutting down private equity magnate Lynn Tilton's constitutional challenge of the agency's in-house court, saying on Thursday that the ruling supports dismissing the other challenges of the administrative court.
February 12, 2016
A financial adviser facing $15 million in potential fines and disgorgement for alleged securities fraud told the Fourth Circuit on Friday that a Maryland federal judge was wrong to toss her suit challenging the constitutionality of the U.S. Securities and Exchange Commission's in-house court.
January 22, 2016
The Fourth Circuit on Friday refused to halt a Securities and Exchange Commission administrative proceeding against a Maryland-based investment adviser and her investment firm while they challenge the constitutionality of the agency's in-house courts.