New York, SEC, Kimberly Adams discussed on

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And enjoy the ride at magoo dot com i'm david brancaccio new york the supreme court term wraps up this week in the coming days will feature arguments in some interesting cases today it's lucia versus the securities and exchange commission you need to know that the sec has its own judges on its face the cases about whether judges within the sec should be political appointees but it's about more marketplace's kimberly adams is following this so these judges are called administrative law judges and at the sec they do things like take evidence issue subpoenas even make initial decisions on what punishment someone should get now those decisions have to be approved by the actual sec commissioners but the person bringing the case to the court is arguing that because these administrative law judges are acting like well judges they should be appointed like judges right now these judges are hired by the office personnel management same as other bureaucratic positions and people can only be fired for cause now what's interesting about this case is that the trump administration is backing the challenger of the sec basically saying yeah the white house and cabinet members should be able to hire and fire these judges meaning they could change from one administration to the next kimberly thank you let's check the live numbers here the dow is down slightly fifteen points the sp five hundred is essentially flat nasdaq composite is up a tenth percent the benchmark interest rate in america still has not topped three percent it's a two point nine eight percent now i there was the internet than there were so called net neutrality rules to keep internet companies from offering vip treatment to favored business partners then there was the trump administration in the move to repeal network neutrality today's the first official step to un neutralize the net but advocates of net neutrality haven't given up as marketplace's aaron schrank reports a quick roundup of the pushback internet companies and digital rights groups are suing the fcc arguing the repeal was illegal in the us senate democrats say they're just one vote short on a bill to restore net neutrality rules and several states are pushing their own net neutrality.

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