Discussion One
The court decided that the members may be removed on the Securities and Exchange Commission will unlike how the Sarbanes-Oxley Act. The act also gives SEC power to remove members on a good cause only. The court however termed this as violation of the constitution. The court decision that the SEC may remove members at their own will violate the validity of the members. This is because the members’ rights are limited to SEC’s decisions. The act states clearly that SEC is only allowed to remove members only on a purpose. The members of the Public Company Accounting Oversight Board had a complaint that their appointment by neither the president nor the head of the SEC violated their rights. The court however, granted the entire
The court decided that the members may be removed on the Securities and Exchange Commission will unlike how the Sarbanes-Oxley Act. The act also gives SEC power to remove members on a good cause only. The court however termed this as violation of the constitution. The court decision that the SEC may remove members at their own will violate the validity of the members. This is because the members’ rights are limited to SEC’s decisions. The act states clearly that SEC is only allowed to remove members only on a purpose. The members of the Public Company Accounting Oversight Board had a complaint that their appointment by neither the president nor the head of the SEC violated their rights. The court however, granted the entire