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Supreme Court Eyes Limiting the Power to Punish Financial Fraudsters

The Supreme Court appears poised to curb the Securities and Exchange Commission’s in-house enforcement power on Seventh Amendment grounds. During more than two hours of oral arguments in Securities and Exchange Commission v. Jarkesy on Wednesday, the court’s conservative majority seemed to lean towards requiring the SEC to enforce civil penalties against securities fraudsters with a jury trial.“What sense does it make to say the full constitutional protections apply when a p...
United States Justice John Roberts George Jarkesy Justice Brett Kavanaugh Justice Ketanji Brown Jackson Brian Fletcher
Source: yahoo.com

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Supreme Court could upend administrative state in SEC v. Jarkesy

The Supreme Court on Wednesday will consider the Securities and Exchange Commission's powers to enforce securities law through its in-house tribunal system rather than in court, marking the second of three major cases this term that could rock the administrative state.
United Kingdom United States George Jarkesy Joe Biden Deposit Insurance Corporation Circuit Court

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