Supreme Court Ruling: SEC v. Jarkesy (2024)
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- čas přidán 25. 08. 2024
- #SEC #SecuritiesandExchangeCommission #SECvJarkesy #Jarkesy #BrandonGrysko #FausoneGrysko #FausoneGryskoPLC #MichiganLaw #SupremeCourt
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In SEC v. Jarkesy (2024), the U.S. Supreme Court ruled that the Securities and Exchange Commission (SEC) overstepped its authority by using in-house administrative law judges for enforcement actions against George Jarkesy without providing him the option for a jury trial. The Court held that this practice violated the Seventh Amendment, which guarantees the right to a jury in certain civil cases.
Furthermore, the decision questioned the constitutionality of the SEC's current enforcement framework, sparking a debate about the future of administrative adjudication and its impact on regulatory agencies' ability to enforce federal securities laws. The ruling leaves the future enforcement capabilities of the SEC and other similar regulatory bodies uncertain, as it potentially opens the door for more challenges to the use of administrative law judges in administrative proceedings.
Whatever happens next, we will be sure to keep you updated! Have questions about this topic? Call attorney Brandon Grysko at (248) 380-0000
Major implications on child support courts as well.