Breaking: Supreme Court Limits SEC’s Use of In-House Trials in Fraud Cases

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Breaking: Supreme Court Limits SEC’s Use of In-House Trials in Fraud Cases - CoinGape

Quick Summary:

The Supreme Court has ruled that the Securities and Exchange Commission (SEC) cannot use in-house trials for civil fraud complaints, granting defendants the right to a jury trial in federal court.

This verdict, reached with a 6-3 majority, significantly affects how regulatory agencies operate.

With the recent ruling, the SEC has reduced the number of cases it handles this way and is awaiting the Court’s decision.