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[email protected] • 7 days ago

The Supreme Court strips the SEC of a critical enforcement tool in fraud cases

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The Supreme Court strips the SEC of a critical enforcement tool in fraud cases

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[email protected] • 7 days ago

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.

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3•7 days 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
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  5•7 days ago
  They’re going to send all the trials to the Fifth Circuit where they will rule against the SEC.

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