For one thing, this is the first time in the entire history of the US any Court has ever ruled that a Civil fine gets the same protections a Criminal case gets. So your claim that the SEC is not following the law is supported by these two Judges, and no other Judges in the history of the nation.
How novel is this? The entire government, from the IRS to the guys who decide whether your Asylum application is correct are administrative law Judges within the Executive branch. Under this ruling all of those cases may have to be decided by an actual Federal Judicial-Branch Judge. So you get an IRS Audit? The Auditor is not a Judicial-Branch Judge. Your buddy illegally crosses the border? They might need a full Jury Trial with a Judicial Branch Judge to decide whether to deport the guy. There are only 1,300 Judicial Branch Federal Judges and Magistrates in the entire country, and ICE does hundreds of deportations every day, so this would be problematic.
Now some of that might be carved out of the ruling. The IRS might be able to do an audit, and then instead of going through the Administrative Appeals process you go to Tax Court (which is a District Court Judge), righty-Judges are very good at finding ways to deny brown alleged illegal immigrants rights every other human gets, etc.
But they also might not do that. We don't know, because, as I just mentioned, these are the only two Judges who have ruled this way.