SEC Asks for High Court Look at Latest In-House Judge Dispute

The SEC wants the U.S. Supreme Court to take a look at a decision allowing a challenge to the constitutionality of the regulator’s in-house judges to move forward in federal court before the agency proceeding concludes.

The Supreme Court recently agreed to weigh in on whether federal district courts have jurisdiction to hear similar cases involving administrative law judges at another federal agency. The high court should hold the Securities and Exchange Commission’s petition for review until it resolves the other case, then decide this suit “as appropriate in light of that decision,” the regulator said.

The SEC started ...