The regulator also announced a new online rule making database
The US Securities
Exchange Commission (SEC) on Thursday voted to propose
amendments to rules governing its administrative proceedings,
as the regulator looks to modernise its internal court
The court system has
come up against criticism since the passage of Dodd-Frank as as
the regulator has relied more heavily on the system for complex
enforcement cases rather than sending such cases to federal
These internal courts
have traditionally been used for more routine actions such as
suspensions of trading companies and brokerages.
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