Ex-SEC Head Urges Agency To Check Use Of In-House Court
Law360, San Francisco (May 13, 2015, 7:51 PM EDT) -- Former U.S. Securities and Exchange Commission Chair Christopher Cox urged the agency Wednesday to exercise more discretion in its use of administrative proceedings in order to fight the troubling appearance that they unfairly favor the SEC.
Speaking at a securities enforcement conference in San Francisco, Cox urged the SEC to further clarify how it decides which cases it will bring in federal court or in-house, where it has a greater win-loss record.
The agency has spent the past year fighting off criticism and a growing public perception that it uses administrative proceedings solely to get a leg up on defendants. Unlike...
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