The Supreme Court strips the SEC of a critical enforcement tool in fraud cases
The Supreme Court strips the SEC of a critical enforcement tool in fraud cases
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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Why wouldn't they have a right to a jury trial? It's ridiculous that this even needs to be a decision by the Supreme Court
Because administrative penalties are a thing. Your right to a jury trial only applies to crimes, and not everything is a crime. SCOTUS effectively ruled that if something could be a crime, even if you're not being charged with a crime, the government can't issue a non-criminal fine for it instead.
7th amendment provides for a jury trial in common law. The 6th provides for a jury in criminal cases.