Supreme Court Rules SEC In-House Penalty Proceedings Violate Seventh Amendment

The Supreme Court docket dominated on Thursday that the U.S. Securities and Trade Fee (SEC)’s use of in-house proceedings to impose civil penalties for securities fraud violates the Seventh Modification’s proper to a jury trial. The case arose from the SEC’s motion in opposition to George Jarkesy Jr. and his agency, Patriot28 LLC, for alleged securities fraud. The […]



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