A panel of the D.C. Circuit recently relied on Lucia and Cochran to enjoin a FINRA regulatory enforcement action pending appeal of an Appointments Clause challenge.
Article I of the U.S. Constitution articulates the fundamental principles that “[a]ll legislative Powers … shall be vested in a Congress,” “[t]he executive Power shall be vested in a.
The U.S. Securities and Exchange Commission has vacated $1.6 million in fines and additional sanctions that the Financial Industry Regulatory Authority had levied against Scottsdale Capital Advisors Corp. and three of its officers, in a decision that the firm's defense counsel on Tuesday hailed as an "extremely rare" win for defendants.