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A former investment adviser who successfully argued before the U.S. Supreme Court that the administrative law judge in his U.S. Securities and Exchange Commission proceedings was appointed unconstitutionally has agreed to pay $25,000 to settle his case with the SEC, ending eight years of litigation, according to Tuesday SEC filings. Read the full article  …

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Mark Weissman was filling out his federal Paycheck Protection Program application when he was asked if he has a criminal history. The answer was yes, which automatically disqualified his real estate business in Cedarhurst on Long Island. “It was another punch in the stomach,” said Weissman, who laid off four employees. “You try to think…

A Maryland business owner is suing to force the Small Business Administration to open the Paycheck Protection Program to borrowers with a criminal past, claiming the agency can’t pick and choose “who is and is not morally worthy” of aid from the coronavirus relief loan program. In a complaint filed in Baltimore federal court, Altimont…

A Maryland storeowner sued the Small Business Administration, alleging the agency exceeded its statutory authority when it decided to limit the availability of pandemic relief loans to business owners with a criminal record. The lawsuit was filed by the New Civil Liberties Alliance on behalf of Altimont Mark Wilks, who was barred from receiving a Paycheck Protection…