FTF News cited a Morgan Lewis LawFlash by partners Emily Renshaw and Fred Block, and associates Matthew McDonough, David Martin, Vanessa Brown, and Noah Teixeira, in an article about the impact of the US Supreme Court’s decision in SEC v. Jarkesy on the Securities and Exchange Commission’s (SEC’s) enforcement authority.
Drawing from the LawFlash, the article notes that many respondents to SEC actions “challenged the constitutionality of the SEC’s administrative proceedings in federal court. To avoid such challenges, for years, the SEC’s practice has been to pursue securities fraud cases in federal court. The Jarkesy decision is likely to make that practice permanent.”