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Fox Business reporter: The SEC's use of internal judicial procedures to file lawsuits is unconstitutional
2024-06-27 14:46
Odaily News Fox Business reporter Eleanor Terrett disclosed on X Platform that the U.S. Supreme Court has ruled by a vote of 6 to 3 that when the U.S. Securities and Exchange Commission (SEC) seeks to punish fraud, the defendant has the right to a jury trial in federal court rather than accepting the agency's "internal" legal proceedings. Eleanor Terrett analyzed that this move actually binds all federal agencies, not just the U.S. Securities and Exchange Commission. The Supreme Court ruled that the SEC's use of internal judicial procedures to file lawsuits violates the Constitution.