It's no secret how big and expansive government has become over the last several years.
That is to say, if you disagree with their tactics and adjudications, or feel they have wronged your client from a constitutional, or private tort perspective you are out of luck.
We tried to get some form of justice for a client going all the way from the Federal Court Southern District New York, to the Court of Appeals Second Circuit, and then on to the Supreme Court of the United States with no positive results -- total immunity ruled for these agencies.
Although circuit courts across the country are split with respect to his issue, and even in Washington their is a ground-swell of Senators who feel these agencies need a bit of "reigning in".
It is always a dangerous proposition to give any quasi-governmental agency (or government) absolute immunity - unjust and bad things can happen.
This is not an indictment on these agencies since they exist to ensure market integrity, prevent financial fraud and ensure sound policies and procedures associated with its Firm members.
That said, the SEC did drop the ball on a litany of financial fraud cases over the years including the Madoff debacle.
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