Securities,
Government,
Criminal
Sep. 11, 2014
SEC versus Congress in insider trading investigation
The Securities and Exchange Commission may seem unstoppable to some. But who wins when the SEC sues Congress in a battle over the enforceability of an investigatory subpoena?
The Securities and Exchange Commission may seem unstoppable to some, and it is indeed powerful and its regulatory mission important. But who wins when one branch of the government sues another branch, in this case, the commission vs. Congress, in a battle over the enforceability of an investigatory subpoena, which ironically Congress has authorized the SEC to issue in discharging its mission?
The answer to that question awaits a decision of a federal judge in the Southern Distr...
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