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SEC’s In-House Judges Back in Action, Will Rehear Old Cases

Aug. 23, 2018, 3:31 PM

The SEC’s in-house judges can start work again after the agency lifted a two-month pause on proceedings prompted by a June Supreme Court decision.

The agency’s five administrative law judges will take a new look at more than 120 existing cases now that the Securities and Exchange Commission lifted its stay Aug. 22 and affirmed the judges’ appointments.

The Supreme Court said June 21 that the agency’s ALJs hadn’t been constitutionally appointed.

Investment adviser Raymond J. Lucia’s case went to the Supreme Court after he said the SEC ALJ who barred him from the industry lacked the authority to do ...

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