Sotomayor Brutally Smacks Down Supreme Court’s Dangerous SEC Ruling ...Middle East

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U.S. Supreme Court Justice Sonia Sotomayor wrote a scathing dissent Thursday, arguing that the court’s decision to gut the Security and Exchange Commission’s power to seek civil penalties was a threat to the separation of powers. In a 6–3 majority opinion penned by Chief Justice John Roberts, the Supreme Court held that when the SEC seeks civil penalties, the defendant is entitled to a jury trial in federal court. This decision was a major hit to a provision of the Dodd-Frank Act, which allowed the SEC to impose civil penalties during administrative proceedings against those who break the law. Justices Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett joined

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Last updated : 27 June 2024 clock 06:37 PM

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Sotomayor Brutally Smacks Down Supreme Court’s Dangerous SEC Ruling ...Middle East

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