{"id":5836,"date":"2015-09-17T00:00:00","date_gmt":"2015-09-17T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/09\/sec_denied_request_that_tempor"},"modified":"2022-05-06T15:56:04","modified_gmt":"2022-05-06T20:56:04","slug":"sec-denied-request-that-tempor","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-denied-request-that-tempor\/","title":{"rendered":"SEC Denied Request that Temporary Ban on In-House Judges Be Lifted"},"content":{"rendered":"

District Court Judge Richard Berman in New York has rejected the Securities and Exchange Commission\u2019s request that a preliminary injunction on its use of administrative law judges in its proceedings be lifted. Berman said that the regulator has not shown \u201clikely success\u201d in its claim that the ALJ process is constitutional. <\/p>\n

The judge also turned down the SEC\u2019s contention that its administrative case against ex-Standard & Poor\u2019s Rating Services (S & P) managing director Barbara Duka should proceed. Duka is challenging that securities case, arguing that SEC proceedings with administrative judges violate the Constitution because of how the justices are named and supervised. <\/p>\n

Berman wants the SEC to fully probe charges of bias related to in-house judges. Critics have expressed concern that the in-house court presided over by Commission judges places the regulator at an unfair disadvantage over defendants. The SEC disagrees with these concerns, claiming that not only are judges impartial but also its court system is more efficient than that of the federal courts. <\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

District Court Judge Richard Berman in New York has rejected the Securities and Exchange Commission\u2019s request that a preliminary injunction on its use of administrative law judges in its proceedings be lifted. Berman said that the regulator has not shown \u201clikely success\u201d in its claim that the ALJ process is constitutional. The judge also turned […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760,3795,3761],"tags":[],"class_list":["post-5836","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-sec-settlements","category-securities-and-exchange-commis"],"yoast_head":"\nSEC Denied Request that Temporary Ban on In-House Judges Be Lifted — Investor Lawyers Blog — September 17, 2015<\/title>\n<meta name=\"description\" content=\"District Court Judge Richard Berman in New York has rejected the Securities and Exchange Commission\u2019s request that a preliminary injunction on its use of — September 17, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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