The Supreme Court has ruled that the <a href="https://coingape.com/breaking-coinbase-files-lawsuit-against-sec-fdic-over-debanking-crypto-firms/" target="_blank" rel="noopener noreferrer nofollow">Securities and Exchange Commission</a> (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.
The Court’s decision challenges the long-standing practice where the <a rel="noopener noreferrer nofollow" href="https://www.documentcloud.org/documents/24779202-sec-v-jarkesy" target="_blank">SEC relied</a> on administrative proceedings to resolve civil fraud complaints. Previously, the agency collected over $5 billion in civil penalties during the 2023 fiscal year, though it needs to be clarified how much of this was from in-house trials. With the recent ruling, the SEC has reduced the number of cases it handles this way and is awaiting the Court’s decision.
This is a developing story
The post <a href="https://coingape.com/breaking-supreme-court-limits-secs-use-of-in-house-trials-in-fraud-cases/" rel="noopener noreferrer nofollow">Breaking: Supreme Court Limits SEC’s Use of In-House Trials in Fraud Cases</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

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

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