News just in from Eleanor Terrett, a Fox Business reporter on the X platform: The US Supreme Court has ruled 6-3 that defendants have the right to trial by jury in federal court when the Securities and Exchange Commission (SEC) seeks to penalize fraudulent behavior, rather than facing the agency’s internal legal proceedings.
Terrett explains that this decision effectively imposes limits on all federal agencies, not just the SEC, compelling them to litigate cases in federal courts. The Supreme Court’s ruling declares that the SEC’s use of internal adjudicatory procedures violates the Constitution.