Can someone sue the SEC?

Can someone sue the SEC?

Generally speaking, an SEC administrative proceeding is similar to a lawsuit, except that it has its own rules and will be decided by an SEC Administrative Law Judge instead of by a federal judge or jury. The person or company that the SEC is suing in the administrative proceeding is also called an “SEC defendant”.

What is a SEC rule?

Often referred to as the "truth in securities" law, the Securities Act of 1933 has two basic objectives: require that investors receive financial and other significant information concerning securities being offered for public sale; and prohibit deceit, misrepresentations, and other fraud in the sale of securities.