I wrote about this a bit ago; here’s a follow-up via a related case.

A federal judge ruled Monday that the Securities and Exchange Commission’s use of an in-house judge to preside over an insider-trading case was “likely unconstitutional,” a potential blow to the agency’s controversial use of its internal tribunal.

This is another case concerning the SEC’s practice of stacking cases it brings against alleged miscreants by using its own judges to decide the matter.