Holding in-house hearings on charges the regulator itself has authorized is undermining public trust.
Over the past year or so, commentators, judges, the defense bar and Congress have assailed efforts by the Securities and Exchange Commission to move more of its enforcement actions out of federal court and into the agency's in-house hearings. At those hearings the SEC itself rules on the merits of the charges it authorized.
To continue reading this article please click here (sign-in/subscription required)
Originally published in The Wall Street Journal on June 3, 2015.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
