A recent US Supreme Court decision, weakening the SEC’s enforcement power, bolsters a conservative-backed legal group’s lawsuit against the US audit regulator, the group argued in a legal filing.
The New Civil Liberties Alliance, representing an unnamed Tennessee-based accountant, filed an amended complaint Thursday against the Public Company Accounting Oversight Board in the US District Court for the Middle District of Tennessee. The board, under the US Securities and Exchange Commission’s oversight, audits public company auditors. The complaint asks the court to enjoin the board’s proceedings against Doe and declare them unconstitutional.
John Doe first filed suit against the board ...
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