Halted SEC Case To Spark More In-House Court Challenges

Law360, New York (June 9, 2015, 8:22 PM EDT) -- The U.S. Securities and Exchange Commission may have a quick fix in store for the constitutional crack that's formed over its in-house court, but patching up the way the agency appoints administrative law judges won't solve the deeper qualms about its internal tribunal, attorneys say.

Instead, Monday's surprise partial victory by Charles L. Hill, in which he secured a rare preliminary injunction over the SEC's pending administrative proceeding against him, likely will embolden others to launch challenges of their own over the constitutionality of the SEC's court, attorneys said.

That's because not only did U.S. District Judge Leigh Martin May rule...

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