People line up to get into the U.S. Supreme Court on the day where decisions ares expected to be handed down, in Washington, U.S., June 26, 2024.
WASHINGTON — The Supreme Court on Thursday put new limits on the power of the Securities and Exchange Commission to enforce securities laws — the latest ruling in a series of cases that take aim at federal agencies.
The court ruled 6-3 that adjudication of cases by in-house judges violates the right to trial by jury.
The challenge zeroed in on how the SEC enforces securities laws, including those prohibiting insider trading.
A three-judge panel of the New Orleans-based 5th Circuit U.S. Court of Appeals ruled against the agency, prompting the SEC to ask the Supreme Court to intervene.
Persons:
WASHINGTON —, George Jarkesy, Elon Musk, Mark Cuban
Organizations:
U.S, Supreme, WASHINGTON, Securities and Exchange Commission, SEC, Circuit U.S
Locations:
Washington , U.S, New Orleans