Critics Decry SCOTUS Ruling in SEC Case as Victory for the Wealthy and Powerful
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The U.S. Supreme Court on Thursday ruled along ideological lines that the Securities and Exchange Commission cannot use in-house legal proceedings to civilly penalize fraudsters, a decision that could strike a devastating blow to federal agencies’ ability to fight corporate crime. In the 6-3 decision, the high court’s conservative supermajority deemed the SEC’s in-house proceedings...