On September 17, the U.S. Court of Appeals for the Tenth Circuit heard oral arguments in Choice Advisors, LLC, and Matthias O’Meara v. Securities and Exchange Commission—a case that will help decide whether the SEC can strip Americans of their right to make a living through its own in-house courts.
PLF senior attorney Oliver Dunford argued before the court on O’Meara’s behalf.
How O’Meara ended up here
Matthias O’Meara founded Choice Advisors to help charter schools raise money by issuing bonds. His first two clients completed successful financings—both later stated the deals couldn’t have happened without him. None of his investors lost money, and no client complained.
PACIFIC LEGAL FOUNDATION
By ALESSANDRA CARUSO
September 18, 2026
|