The Supreme Court has stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies.
  • Optional@lemmy.world
    31·
    5 months ago

    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.

    • Flying Squid@lemmy.world
      51·
      5 months ago

      They’re going to send all the trials to the Fifth Circuit where they will rule against the SEC.