Amicus Briefs
Monex Deposit Company v. Commodity Futures Trading Commission
CASE SUMMARY
NCLA filed an amicus brief in support of the petitioners’ request for a Writ of Certiorari from the U.S. Supreme Court in Monex Deposit Company, et al. v. Commodity Futures Trading Commission. In this case, CFTC was testing the furthest reaches of judicial deference to agency interpretations in order to exert its regulatory power.
Oddly, the agency had studiously avoided specifying which brand of judicial deference its legal interpretation relied upon, which had denied petitioners their due process right to know the legal basis of the charges against them. Regardless, NCLA contended that any judicial deference to an agency interpretation abandons the judicial duty under Article III to exercise independent judgment and exhibits systematic bias violating the due process of law under the Fifth Amendment.
OUR TEAM
RELEVANT MATERIALS
NCLA FILINGS
Brief Amicus Curiae of the New Civil Liberties Alliance Urging Grant of Certiorari
February 19, 2020 | Read More
PRESS RELEASES
NCLA Amicus Brief Supporting Cert Petition Criticizes CFTC’s Enforcement Power Grab
February 20, 2020 | Read More
IN THE MEDIA
The CFTC Velociraptor Has Escaped the Fence That Dodd–Frank Built to Contain It
April 8, 2020