The Supreme Court’s conservative Justices appear to be highly skeptical of the Securities and Exchange Commission’s (SEC) use of in-house tribunals to impose fines and punishments on companies for financial violations. During the court’s recent oral arguments on the issue, the conservative justices questioned the SEC’s power to punish businesses in a court that lacks the usual process of a judicial review. Chief Justice John Roberts and Justice Samuel Alito were among the most vocal in expressing their doubts. Justice Roberts asked “Can you just set up your own court, your own judicial system in which the parties would have to appear without any of the protections that exist in the judicial system?”. Justice Alito questioned the fairness of the SEC’s in-house court process and the ability of parties to “file complaints and have potentially serious sanctions imposed without any kind of anthrop图片o being present to represent them.” The outcome of the case could have a major impact on how the SEC regulates financial transactions.