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Supreme Court Curbs SEC's In-House Judges in Fraud Cases
By
Katie Rass
News June 27, 2024 at 11:53 AM
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What You Need To Know
- The 6-3 decision in Securities and Exchange Commission v. Jarkesy could reduce the agency's leverage to extract high-dollar settlements.
- Elon Musk and Mark Cuban are allies of Jarkesy, who argued that defendants have a right to a jury trial when financial penalties are in play.
- The ruling could potentially affect other federal regulators.
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