Posts tagged Second Federal Judge.
Manhattan federal Judge Richard Berman yesterday (August 12) issued a preliminary injunction halting the SEC's administrative action against former S&P executive Barbara Duka, holding the SEC's in-house courts were "likely unconstitutional" based on the way the SEC selects its administrative judges. Earlier this summer, Atlanta federal Judge Leigh Martin May enjoined an SEC administrative insider-trading action against developer Charles Hill for the same reasons. A month later, May enjoined a second SEC action against Atlanta investment-advisory firm Gray Financial ...
Posted in: SEC
Tags: Barbara Duka, burr forman, Chair Mary Jo White, Constitution's Appointment Clause, dodd-frank act, Judge Richard Berman, Likely Unconstitutional, preliminary injunction, S&P, SEC, SEC Admin Actions, Second Federal Judge, Securities Litigation & Arbitration, Securities Litigation blog