Marcum Partner Sues to Escape SEC’s In-House Court in Audit Case

A partner at accounting firm Marcum LLP is suing the Securities and Exchange Commission, seeking to block the agency from pursuing what he calls an “entirely unprecedented” case against him in the agency’s in-house system.

The SEC has paused several administrative proceedings involving accountants while the US Supreme Court considers a constitutional challenge to the agency’s system. But Edward Hackert said the agency is refusing to wait on his case.

Hackert’s lawsuit, filed Tuesday in the US District Court for the Southern District of New York, asked for an injunction to stop the SEC from subjecting him to an “unconstitutional” ...