@[email protected] to [email protected] • 7 days agoThe Supreme Court strips the SEC of a critical enforcement tool in fraud casesapnews.comexternal-linkmessage-square23fedilinkarrow-up1283arrow-down11cross-posted to: [email protected]
arrow-up1282arrow-down1external-linkThe Supreme Court strips the SEC of a critical enforcement tool in fraud casesapnews.com@[email protected] to [email protected] • 7 days agomessage-square23fedilinkcross-posted to: [email protected]
minus-squareOptionallinkfedilink2•7 days agoEh - i dunno. They “stripped” them of being able to convict without trial by jury. That’s it. Which they do sometimes anyway. And, If they go to trial they’ll quadruple the penalties / sentences just because that’s how federal prosecutors do. I’m not convinced it’s all bad just yet. I could be wrong but that’s the takeaway i got so far.
minus-squareFlying Squidlinkfedilink4•7 days agoThey’re going to send all the trials to the Fifth Circuit where they will rule against the SEC.
Eh - i dunno. They “stripped” them of being able to convict without trial by jury. That’s it. Which they do sometimes anyway.
And, If they go to trial they’ll quadruple the penalties / sentences just because that’s how federal prosecutors do.
I’m not convinced it’s all bad just yet. I could be wrong but that’s the takeaway i got so far.
They’re going to send all the trials to the Fifth Circuit where they will rule against the SEC.