SEC Rejects Easy Answers To Admin Court Challenges

Law360, New York (June 17, 2015, 7:47 PM EDT) -- As the U.S. Securities and Exchange Commission prepares to appeal a Georgia federal judge’s injunction on one of its administrative proceedings, the agency’s attorneys are focusing on the long view that the forum doesn’t need changing while fighting off pressure to make quick fixes in the interim.

The agency has faced pushback from the defense bar since it first began ramping up the use of its in-house courts following the Dodd-Frank Act, but those attacks gained new momentum after U.S. District Judge Leigh Martin May on June 8 blocked an in-house suit against accused insider trader Charles Hill, ruling that the...

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