US SUPREME COURT BACKS FEDERAL REGULATORS IN WINS FOR FCC AND SEC

The U.S. Supreme Court in a pair of rulings backing the power of federal agencies has reaffirmed limits it previously imposed on government regulators but rejected bids by challengers to push those constraints into new territory.

The court, which has a ​6-3 conservative majority, issued decisions on Thursday in two cases that went in favor of the Federal Communications Commission and Securities and Exchange Commission. It ruled against challenges ‌to the FCC's system for levying fines and the SEC's broad power to recover illegal profits using a financial remedy called disgorgement.

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