Supreme Court Justices Hear Oral Argument In SEC Proceedings Dispute

Mealey's (November 8, 2022, 10:59 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Nov. 7 heard oral arguments in the Securities and Exchange Commission’s appeal of a divided Fifth Circuit U.S. Court of Appeals ruling that a certified public accountant in an ongoing SEC enforcement action may challenge whether the commission’s administrative proceedings are constitutionally protected, with the parties disputing whether federal district courts have the necessary jurisdiction to hear structural constitutional challenges to SEC administrative law judge (ALJ) proceedings....