SEC Dismisses Dozens of Cases Due to Widespread Agency Misconduct

The U.S. Securities and Exchange Commission has dismissed dozens of enforcement cases, including two involving current NCLA clients (Michelle Cochran, Marian Young) and one of a former client (Christopher Gibson). The agency revealed on June 2, 2023, that members of its enforcement staff had gained illicit access to confidential adjudicative documents and downloaded them in far more cases than originally reported, exposing rot in a hopelessly compromised in-house adjudication regime.

NCLA Senior Litigation Counsel Peggy Little joins The Ross Kaminsky Show to discuss SEC's dismissals and what's next for NCLA's recent Supreme Court case, SEC v. Cochran.