Justices Constrain SEC's In-House Courts

Also, CFTC extends comment time for proposal to ban election wagers

By curbing the ability of the SEC to bring fraud cases before in-house judges, the Supreme Court gave a resounding win to opponents of the administrative state. The decision is also likely to reverberate across numerous other agencies, including the CFPB and the CFTC.

But today’s 6-3 ruling in SEC v. Jarkesy doesn’t deal a significant blow to the commiss…