The constitutional spotlight is shining on the U.S. Securities and Exchange Commission. In the last several weeks, the U.S. Supreme Court agreed to hear a case seeking broader federal jurisdiction for constitutional challenges, the U.S. Court of Appeals for the Fifth Circuit found multiple constitutional infirmities in SEC practice and procedures, and a petition for certiorari was filed seeking to end the SEC’s longstanding “gag order” requirement for settlements. Three cases — Cochran, Jarkesy and Romeril — represent three unique challenges to SEC practices. Here are some takeaways on what to look for next.