Supreme Court Reduces SEC Powers to Impose Fines
by Brian Wang from NextBigFuture.com on (#6NWF8)
The Supreme Court SEC decision took away the major method of penalizing those found to have committed fraud in the securities industry. Congress strengthened law in 2010 by authorizing the SEC to use independent administrative law judges to conduct hearings, to make factual findings, and to impose fines on those accused of securities fraud. Congress ...