SEC judge appointments unconstitutional, U.S. high court says

By Andrew Chung WASHINGTON (Reuters) - The U.S. Supreme Court gave presidents more control over key jobs in federal agencies on Thursday, ruling that the way the Securities and Exchange Commission selected in-house judges who enforce investor protection laws violated the U.S. Constitution. The justices agreed with President Donald Trump's administration that the SEC, in having low-level staff install administrative law judges, infringed upon powers given to the president in the U.S. Constitution's "appointments clause" regarding the filling of certain federal posts. The ruling could reverberate through the federal government, which has nearly 2,000 administrative law judges who decide matters as varied as unfair trade practices, veterans benefits and patent infringement.

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June 22, 2018 at 02:30AM