NEWS & GUIDANCE
A U.S. District Court judge Aug. 3 dismissed an SEC motion to dismiss a challenge to its administrative proceedings process. The decision allows the defendant to pursue her claims that the SEC’s ALJ system is unconstitutional because the internal judges aren’t appointed by SEC commissioners.   Barba...
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The resolution of an SEC enforcement case represents only one aspect of the far-reaching consequences of a compliance lapse.   Consider the Southern California adviser who failed to create due diligence procedures and ended up putting four clients into what turned out to be a Ponzi scheme. The SEC c...
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If you’re among those who didn’t know that a defendant who prevails in an SEC enforcement action could seek the government to pay his attorney’s fees then you’ll want to see how an administrative law judge rules soon in Thomas Delaney’s case.   Delaney is the former CCO at Penson Financial Services,...
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