By Gregory Hesse, Jarrett Hale, Tara Elgie, Allison Jacobsen and Abigail Storm ( July 18, 2018, 1:40 PM EDT) -- On June 21, 2018, the U.S. Supreme Court remanded to the U.S. Securities and Exchange Commission an administrative proceeding against Raymond Lucia to be tried by a different administrative law judge because the original ALJ who issued the initial decision against Lucia was improperly appointed.[1] In the wake of constitutional questions involving the Consumer Financial Protection Bureau, the Lucia decision could affect more than just the SEC....
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