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Expert Analysis

If Lucia Wins On SEC Judges, What Comes Next?

By Daniel Walfish ( April 20, 2018, 8:19 PM EDT) -- On Monday, April 23, the U.S. Supreme Court will consider, in Raymond J. Lucia v. SEC, whether the U.S. Securities and Exchange Commission's previous hiring of administrative law judges violated the Constitution. This article discusses two issues on the horizon if the answer is yes: the practical significance for pending and future cases, and the Trump administration's unusual bid to weaken the independence of ALJs....

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