Will the SEC be asked to opt out of the application of AML reports?


Law360 (July 25, 2021, 4:24 p.m. EDT) – A stock broker wants the United States Supreme Court to reject the authority that the United States Securities and Exchange Commission used to obtain millions of dollars in fines for the the fight against money laundering neglected, but some observers see in it a great demand which faces long chances.

Alpine Securities Corp., a Utah-based brokerage firm, filed a petition with the Supreme Court last week challenging the SEC’s ability to prosecute brokers for low-quality reports of suspicious activity, a variety of enforcement action which has been an emerging priority for the agency.

If the judges agree to hear Alpine’s case, it’s …

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