CHOICE Act’s Potential Outsized Influence On The SEC
Daniel Chirlin, Walden Macht & Haran LLPMay 16, 2017, 5:40 PM EDT
Law360, New York (May 16, 2017, 5:40 PM EDT) -- Much ink has been spilled — both in briefs and in the court of public opinion — debating the U.S. Securities and Exchange Commission’s unfettered use of administrative proceedings to bring enforcement actions against respondents. But recently, the House Financial Services Committee brought the country one small step closer to circumscribing the SEC’s enforcement authority and effectively eliminating administrative proceedings as an enforcement tool.
On May 4, 2017, the Financial Services Committee voted to approve the Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs...