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CALIFORNIA CORPORATE & SECURITIES LAW

Defending The SEC’s Choice Of The Administrative Home Court

Wharton Associate Professor David Zaring has written an article defending the Securities and Exchange Commission’s choice to litigate in administrative rather than federal courts.  He argues that administrative adjudication “violates no rights, nor offends the separation of powers”.  Yet, he acknowledges: Lawyers often worry about administrative proceedings. “If given a choice … most practitioners would choose” district court “because…

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