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Appeals court sides with SEC in constitutional claim
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Lawyers for Michelle Cochran, a CPA in Texas who originally settled an SEC enforcement action for allegedly skirting PCAOB audit standards, vow a fight to the U.S. Supreme Court over their client’s continuing claims that the Commission’s ALJ system remains unconstitutional. Read the full article TweetShareShare0 Shares
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Charter boat captains file class-action lawsuit against NOAA for ‘intrusive rule’
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In July the National Oceanic and Atmospheric Administration announced a rule that won’t take effect until January. It will require charter boat captains to buy and maintain a GPS tracking system on their boat. “We spend a lot of time and effort out there trying to find our spots to be consistent every single day,”…
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Tyranny of the Unaccountable State
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Help arrived in the form of the New Civil Liberties Alliance, a nonprofit set up by legal scholar Philip Hamburger that defends constitutional rights against overreach by the administrative state. The NLRB proposed a settlement: I delete the joke, I post information on the rights of employees to unionize, and the complaint goes away. I…
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Broker-Dealer Says SEC Overstepping In Sham Cos. Suit
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The U.S. Securities and Exchange Commission is pushing a “radical expansion” of its rules in accusing a broker-dealer and a transfer agent of assisting a scheme to create sham companies and sell free- trading stock to the public, the two businesses told a Florida federal court. The SEC is seeking to enforce a higher standard…
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Charter captains challenge new NOAA rule with class action suit
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A group of charter boat captains around the Gulf Coast filed suit Friday against the federal government claiming a new digital reporting rule is an overreach. Allen Walburn, a Naples charter captain and an original plaintiff in the class action suit, said the new rule from the National Oceanic and Atmospheric Administration’s fisheries division will…
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