... forPetitioners 9, n. 1; Brief for United States 29, n. 8. The Act places the Board under the SEC’s oversight,particularly with respect to the issuance of rules or the imposition of sanctions (both ... Watts and the Free Enterprise Fund, a nonprofit organization of which the firm is a member, then sued the Board and its members, seeking (among other things) a declaratory judgment that the Board ... subjecting them to Presidential control. Id., at 67–68. Petitioners also challenged the Act under the Appointments Clause, which requires “Officers of the United States” to be appointed by the President...