U.S. SEC to file some insider-trading cases in its in-house court

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abwman wrote:

This is a big deal. It represents a significant reduction in due process protections for people accused of insider trading. Adminstrative actions were originally used only for securities industry-related alleged violations, which usually involve technical violations of SEC regulations that SEC adminstrative law judges arguably have more expertise in handling (which could be debated). But securities fraud charges against stock investors is way different, and the loss of true judicial procedures will be very harmful to defendants. That is precisely why the SEC is doing it, as Ceresney essentially admitted. For more, check out the blog post on thbis issue at securitiesdiary.com.

Jun 13, 2014 2:59pm EDT  --  Report as abuse
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