High Court Grants SEC’s Petition On Agency Adjudication Of Enforcement Action

Mealey's (June 30, 2023, 1:21 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court this afternoon granted a petition for a writ of certiorari filed by the Securities and Exchange Commission challenging a Fifth Circuit U.S. Court of Appeals decision on the agency’s adjudication of securities fraud claims concerning a hedge fund manager and the fund’s investment adviser and denied a conditional cross-petition filed by those two parties....