Supreme Court wrestles with administrative law judge case

Law Reviews

The Supreme Court wrestled Monday with a case brought by a former financial adviser known for his "Buckets of Money" strategy who is challenging the appointment of the administrative law judge who ruled against him.

The case involves the Securities and Exchange Commission's administrative law judges, who conduct hearings on alleged securities law violations and issue initial decisions. The federal government employs administrative law judges in more than 30 agencies, however, giving the case the potential to have a broader impact.

During arguments Monday, Justice Anthony Kennedy wanted to know "what effect, if any" the case would have on administrative law judges in other agencies. Attorney Mark Perry suggested that the court's decision could impact some 150 administrative law judges in 25 agencies.

The question the justices are being asked to decide is whether the SEC's administrative law judges are SEC employees or instead "inferior officers" of the United States. The answer is important in determining who can appoint them to their positions.

The case before the Supreme Court involves former financial adviser Raymond J. Lucia, who as a radio show host, author and seminar leader promoted a retirement strategy he called "Buckets of Money." Lucia's strategy was that in retirement investors should first sell safer investments, giving riskier investments time to grow.

Related listings

  • Taxpayer tab for law firm overseeing Atlantic City hits $4.8M

    Taxpayer tab for law firm overseeing Atlantic City hits $4.8M

    Law Reviews 04/21/2018

    Taxpayer tab for law firm overseeing Atlantic City hits $4.8MNew Jersey taxpayers' tab for the takeover of Atlantic City has reached about $5 million in fees from the law firm former Gov. Chris Christie picked to oversee the gambling resort.Records o...

  • USCIS will reject any petition that includes an incorrect fee payment

    USCIS will reject any petition that includes an incorrect fee payment

    Law Reviews 04/16/2018

    USCIS will reject and return the petitions and associated filing fees to petitioners that were not selected, as well as any cap-subject petitions received after Feb. 27.In January, the Department of Labor announced a change to its process of issuing ...

  • Former Trump campaign aide Nunberg at court for grand jury

    Former Trump campaign aide Nunberg at court for grand jury

    Law Reviews 03/30/2018

    A former Trump campaign aide appeared for hours before a federal grand jury Friday, after he defiantly insisted in a series of news interviews just days earlier that he intended to defy a subpoena in special counsel Robert Mueller's Russia investigat...

Is Now the Time to Really Call a Special Education Lawyer?

IDEA, FAPE, CHILD FIND and IEPs: The Individuals with Disabilities Education Act (IDEA) guarantees all children with disabilities to a free appropriate public education (FAPE). FAPE starts with a school’s responsibility to identify that a child has a disability (Child Find) and create an Individualized Education Program (IEP) to suit the needs of the child. Parents need to be persistent, dedicated and above all else aware of the many services and accommodations that their child is entitled to under the law. As early as this point within your child’s special education, many parents will often find themselves in the situation asking, “is now the time to really call a special education lawyer?” Here are a few things to consider when asking yourself that question.

Business News

404 Not Found

404

Not Found

The resource requested could not be found on this server!