Supreme Court dampens SEC’s use of in-house courts
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The conservative majority decision nullifying a nearly $1M penalty could hamper the regulator's power to extract high-dollar settlements.
The US Supreme Court curbed the Securities and Exchange Commission’s ability to press complaints before in-house judges, saying defendants have a constitutional right to make their case to a federal jury when the agency is seeking financial penalties.
The 6-3 decision could reduce the
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