“Amici are mindful of the Court’s admonition that amici raise only relevant matters not already brought to the attention of the Court by the parties, see SUP. CT. R. 37.1. Therefore the focus of this brief is to clarify the role of Congress and the relationship among the Executive, the Congress and the Court in seeking to alter the scope of the anti-fraud provisions of the Exchange Act.”

Apparently Frank and Conyers are under the impression that the Supreme Court needs to be reminded of grammar school civics lessons. “The legislative branch makes the law, the executive branch enforces the law, the judicial branch interprets the law.”