U.S. Supreme Court Says No More In-House Tribunals for the SEC, Other Federal Regulators

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.

to strip the U.S. Securities and Exchange Commission of one of its key enforcement processes, deciding in a 6-3 vote that the federal agency’s use of in-house judges is a violation of the constitutional right to a jury trial.

In addition to kneecapping the SEC’s enforcement abilities, the decision could have far-reaching implications for other federal agencies who have historically been able to handle enforcement via internal processes, including the National Labor Relations Board which is Chief Justice John Roberts delivered the majority opinion, writing,"A defendant facing a fraud suit has the right to be tried by a jury of his peers before a neutral adjudicator."

"In reaffirming all this today, the Court hardly leaves the SEC without ample powers and recourse," Gorsuch wrote.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Supreme Court sends dispute over Arkansas' GOP-drawn congressional map back to lower courtLawrence Hurley covers the Supreme Court for NBC News.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Supreme Court sides with Starbucks, makes it harder for NLRB to win court ordersThe justices tightened the standards for when a federal court should issue an order to protect the jobs of workers during a union organizing campaign.
Source: komonews - 🏆 272. / 63 Read more »

Trump campaign reacts to bump stock Supreme Court decision: ‘The court has spoken’Former President Donald Trump's campaign supported the Supreme Court's decision to strike down a Trump administration ban on 'bump stocks,' which enable semiautomatic weapons to fire rounds faster.
Source: dcexaminer - 🏆 6. / 94 Read more »

The one court that even the Supreme Court sees as going too farSteve Benen is a producer for 'The Rachel Maddow Show,' the editor of MaddowBlog and an MSNBC political contributor. He's also the bestselling author of 'The Impostors: How Republicans Quit Governing and Seized American Politics.'
Source: MSNBC - 🏆 469. / 51 Read more »

Oklahoma Supreme Court court rejects proposed religious public charter schoolThe state Supreme Court said the first-of-its-kind school, approved last year by the charter school board, violated the state and U.S. constitution.
Source: adndotcom - 🏆 293. / 63 Read more »

Israeli supreme court says ultra-Orthodox men must serve in militaryIsrael’s Supreme Court on Tuesday ruled unanimously that the military must begin drafting ultra-Orthodox men for military service, a decision that could lead to the collapse of Prime Minister Benjamin Netanyahu’s governing coalition as Israel continues to wage war in Gaza.
Source: ksatnews - 🏆 442. / 53 Read more »