Last week a federal judge ruled the Securities and Exchange Commission's use of an internal administrative judge in a fraud case is "likely unconstitutional."
U.S. District Judge Leigh Martin May, and Obama appointee, ruled to temporarily stop a claim against an Atlanta-based real estate investor that was set to go before an SEC administrative hearing in coming days.
The SEC charged the developer, Charles Hill, with insider trading last February, according to reporting in the Wall Street Journal.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
