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

The Supreme Court ruled connected Thursday that the U.S. Securities and Exchange Commission (SEC)’s usage of in-house proceedings to enforce civilian penalties for securities fraud violates the Seventh Amendment’s close to a assemblage trial. The lawsuit arose from the SEC’s enactment against George Jarkesy Jr. and his firm, Patriot28 LLC, for alleged securities fraud. The […]