
Publication
US SEC administrative tribunals held unconstitutional
A divided panel of the Fifth Circuit has ruled that the Securities and Exchange Commission’s system of in-house administrative tribunals is unconstitutional.
The U.S. Tax Court just published a decision addressing the first of 200 cases involving individual taxpayers that invested in a tax shelter scheme involving lenses intended for concentrated solar projects: Preston and Elizabeth Olsen v. Commissioner of Internal Revenue.
The opinion is effectively a case study in how not to structure an investment in solar equipment, particularly an investment by an individual.
Read the article in its entirety written by David Burton.
Publication
A divided panel of the Fifth Circuit has ruled that the Securities and Exchange Commission’s system of in-house administrative tribunals is unconstitutional.
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