Reported 9 months ago
In a 6-3 vote, the U.S. Supreme Court ruled to end the SEC's use of in-house judges for enforcement processes, stating that it violates the right to a jury trial. This decision forces the SEC to rely solely on federal trial courts for enforcing securities laws and penalties, impacting other federal agencies like the NLRB. Chief Justice John Roberts emphasized the right to a jury trial, while Associate Justice Neil Gorsuch criticized the SEC's authority. The case started in 2013 with the SEC alleging securities law violations by hedge fund manager George Jarkesy Jr., leading to a series of appeals ultimately heard by the Supreme Court.
Source: YAHOO