The Supreme Court yesterday denied a request to take up a case challenging the Securities and Exchange Commission’s administrative law proceedings, MorningConsult.com reported. In August, the U.S. Court of Appeals for the Seventh Circuit ruled in the SEC’s favor in Bebo v. SEC, prompting the defendant’s Supreme Court petition. The case began after Laurie Bebo, former chief executive of an assisted-living company based in Menomonee Falls, Wis., stood accused by the SEC in 2014 of manipulating company records in violation of federal law. The SEC brought her case before an administrative law judge. That led Bebo to file suit, saying the in-house tribunals violate the Constitution by neglecting to give defendants like her the constitutional protections found in a federal court.
