A decision from the Supreme Court’s conservative majority to severely rein in the ability of federal agencies to go after lawbreakers amounts to a “power grab” that strips authority away from Congress, according to liberal Justice Sonia Sotomayor.
“Congress had no reason to anticipate the chaos today’s majority would unleash after all these years,” she wrote in her dissent in a ruling that diminishes the Securities and Exchange Commission’s power to enforce laws against securities fraud.
