Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

pnwmom

(109,028 posts)
Thu Jun 21, 2018, 10:24 AM Jun 2018

New SCOTUS ruling just gave much more power to President Trump.

http://whtc.com/news/articles/2018/jun/21/supreme-court-deems-sec-in-house-judge-hiring-unconstitutional/

WASHINGTON (Reuters) - The U.S. Supreme Court on Thursday expanded presidential control over pivotal jobs in federal agencies, ruling that the way the Securities and Exchange Commission selected its in-house judges to enforce investor-protection laws was unconstitutional.

The justices overturned a lower court ruling that had endorsed the SEC's in-house judge hiring practice that operated autonomously from the president.

The high court sided with Raymond Lucia, a California-based former radio host and investment adviser who challenged the SEC after being banned by one of its administrative law judges from investment-related work and fined $300,000 for making misleading claims in his "Buckets of Money" retirement wealth strategy.

The ruling provided a victory to Republican President Donald Trump, whose administration last November sided with Lucia in a reversal from the stance that had been taken by the administration of his Democratic predecessor, Barack Obama.

SNIP
Latest Discussions»General Discussion»New SCOTUS ruling just ga...