00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump fired Democratic Federal Trade Commissioners Alvaro Bedoya and Rebecca
00:07Slaughter on Tuesday, according to the CNBC's report. The FTC is among several independent
00:12agencies where members can only be dismissed for good cause. A 1935 U.S. Supreme Court ruling
00:18upheld the law restricting the firing of FTC commissioners to case of good cause,
00:23such as neglect of duty. This decision protects independent bipartisan agencies from direct
00:29White House control. The decision could face legal challenges, testing the limits of
00:33presidential authority over regulatory bodies. For all things money, visit Benzinga.com.
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