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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 private party is suing ....

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SEC's use of in-house judges cast in doubt by Supreme Court

SEC's use of in-house judges cast in doubt by Supreme Court
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