Supreme Court Rules SEC In-House Penalty Proceedings Violate Seventh Amendment
Submitted by Anonymous (not verified) on Thu, 06/27/2024 - 20:30
The Supreme Court ruled on Thursday that the U.S. Securities and Exchange Commission (SEC)’s use of in-house proceedings to impose civil penalties for securities fraud violates the Seventh Amendment’s right to a jury trial. The case arose from the SEC’s action against George Jarkesy Jr. and his firm, Patriot28 LLC, for alleged securities fraud. The […]