IRONRIDGE

[factcheck14]

Another SEC In-House Case Blocked In Ga.'s Northern District

http://www.law360.com/articles/728317/another-sec-in-house-case-blocked-in-ga-s-northern-district

A Georgia federal judge who has already paused multiple U.S. Securities and Exchange Commission administrative proceedings granted an injunction Tuesday to Ironridge Global Partners LLC, repeating findings that the agency’s in-house court is likely unconstitutional.

U.S. District Judge Leigh Martin May agreed to pause administrative proceedings accusing Ironridge subsidiary Ironridge Global IV Ltd. of operating as an unregistered broker-dealer, finding that the firms were likely to prevail on arguments that the proceedings violate the Appointments Clause of the U.S. Constitution.