1. Supreme Court appears ready to deal another blow to federal agencies' administrative powers.
- Author
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Katz, Eric
- Subjects
- *
SECURITIES fraud , *GOVERNMENT agencies , *APPELLATE courts , *CONSTITUTIONAL courts , *INVESTMENT advisors , *SKEPTICISM , *EXAMINERS (Administrative procedure) - Abstract
The Supreme Court is considering a case that could limit federal agencies' ability to enforce certain laws. The case involves a hedge fund manager and an investment adviser challenging the Securities and Exchange Commission's decision to charge them with securities fraud. The conservative majority on the court expressed skepticism towards the Biden administration's argument that agencies have the authority to adjudicate laws written by Congress. The case could have widespread impact on agencies and administrative law judges across the government. The arguments focused on the right to a jury trial and the issue of agency adjudication. Some justices seemed inclined to limit agencies' powers, while others raised concerns about the logistical issues and potential interference with agency independence. The court's decision could further undermine the government's regulatory authority. [Extracted from the article]
- Published
- 2023