While some critics, such as U.S. Senator Elizabeth Warren (D-MA), have called on the Securities and Exchange Commission to be more aggressive, the New York Times highlights the U.S. Chamber’s criticisms of the agency, namely its use of in-house administrative courts.
“The U.S Chamber of Commerce and some law professors have criticized the agency’s use of administrative courts, where SEC-appointed judges hear cases,” notes the Times. “A number of defendants have filed lawsuits arguing that these courts give the SEC an unfair home field advantage.”
Despite these critiques, the Times notes the SEC is on the cusp of pursuing several high-profile cases involving major Wall Street Banks.
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