Split 5th Circ. Tosses Accountant’s Suit Against SEC Judges

Split 5th Circ. Tosses Accountant’s Suit Against SEC Judges

A split panel of Fifth Circuit judges on Tuesday threw out a suit brought by an accountantwho alleged the U.S. Securities and Exchange Commission's in-house judges are unconstitutionally protected from removal. Two of the three judges on the panel agreed that Michelle...

Appeals court sides with SEC in constitutional claim

Appeals court sides with SEC in constitutional claim

Lawyers for Michelle Cochran, a CPA in Texas who originally settled an SEC enforcement action for allegedly skirting PCAOB audit standards, vow a fight to the U.S. Supreme Court over their client's continuing claims that the Commission's ALJ system remains...