( August 17, 2023, 9:05 AM EDT) -- WASHINGTON, D.C. — A group consisting of scholars and former SEC officials, along with a nonprofit litigation advocacy organization, filed separate amicus curiae briefs encouraging the Supreme Court to grant a petition for a writ of certiorari filed by three municipal bond traders found to be unregistered brokers as a result of a suit filed by the U.S. Securities and Exchange Commission, with the former arguing that a Supreme Court decision could provide more guidance on how the SEC determines penalties and the latter claiming that an appeals court decision abandons previous court precedent for determining obligation to register as a broker....