Reported about 1 month ago
The U.S. Securities and Exchange Commission (SEC) has moved to dismiss all ongoing misconduct cases against accountants in its in-house courts, marking a significant shift in enforcement strategy following a Supreme Court ruling that restricts its powers. Legal experts suggest this unprecedented decision may stem from concerns over potential constitutional violations in using in-house judges for certain cases, leading the SEC to withdraw actions it appeared poised to win.
Source: YAHOO