Posts tagged PLI.
Speaking at PLI event November 5, US District Judge Jed Rakoff joined the chorus criticizing the SEC's expanded use of its administrative forum. Rakoff acknowledged the trend's potential unfairness to Respondents, and voiced his concern that the move might stifle "the impartial development of the law in an area of immense practice importance." He also compared the Commission's 100% success rate in administrative cases during FYE September 30, 2014 with its 61% win rate in federal court over the same time. Rakoff's remarks were reported by Law360, and by Reuters, here. We've been ...
Posted in: SEC