Justice Elena Kagan (2015). Credit: Diego M. Radzinschi / ALM Updated 1:08 p.m. ruled Thursday Lucia v. Securities and Exchange Commission briefly resonated Lucia Gibson, Dunn & Crutcher SEC swiftly changed gears O'Melveny & Myers to assert the orphaned position The Supreme Court's ruling in Lucia v. SEC is posted below:

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Marcia Coyle contributed reporting from Washington. This story was updated with additional comment about the court's ruling.