of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies.in a 6-3 vote that people accused of fraud by the SEC, which regulates securities markets, have the right to a jury trial in federal court. The in-house proceedings the SEC has used in some civil fraud complaints violate the Constitution, the court said.
The justices ruled in the case of Houston hedge fund manager George R. Jarkesy. The SEC appealed to the Supreme Court after a divided panel of the New Orleans-based 5th U.S. Circuit Court of AppealsThe appeals court found that the SEC’s case against Jarkesy, resulting in a $300,000 civil fine and the repayment of $680,000 in allegedly ill-gotten gains, should have been heard in a federal court instead of before one of the SEC’s administrative law judges.
Monica Lewinsky said she hopes Judge Aileen Cannon, who is overseeing former President Donald Trump’s classified documents case, is impeached.House Republicans plan to take 1st step to hold Biden's ghostwriter in contempt of Congress: Sources Trump sent JT Lewis a condolence letter in 2018. A draft of the letter was among keepsakes prosecutors say Trump kept mingled with national secrets.CNN’s Boris Sanchez faced off with Rep. Dan Meuser on Wednesday after the congressman defended and downplayed former President Trump’s promise to pardon all people convicted of crimes related to the Jan. 6 attack on the Capitol Building.
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