27
The Supreme Court has issued a landmark ruling that curtails the enforcement powers of the Securities and Exchange Commission (SEC). In a 6-3 decision, the Court determined that the SEC must seek enforcement of alleged violations through the court system rather than relying on its in-house tribunals, which do not involve juries.
A Supreme Court ruling is limiting the Securities and Exchange Commission's power to enforce violations. Lisa Taylor has more.
This ruling stems from a case involving a hedge fund manager who appealed an SEC tribunal's decision to impose a $300,000 penalty. . .
