WASHINGTON — The Supreme Court on Thursday 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. The in-house proceedings the SEC has used in some civil fraud complaints, including against Houston hedge fund manager George Jarkesy, violate the Constitution, the court said. …
The seal of the U.S. Securities and Exchange Commission at SEC headquarters in Washington. The Supreme Court on Thursday made it harder for the Securities and Exchange Commission to penalize fund managers accused of defrauding investors. In a 6-3 decision, the justices said those accused of stock frauds are entitled to a jury trial in a federal court, not an …
Elon Musk at SpaceX headquarters in Hawthorne: No fan of government regulations, but you knew that. — Catherine Fisk, UC Berkeley Now he’s trying what may be his most audacious flip-off to regulators yet: Faced with an accusation by the National Labor Relations Board that SpaceX improperly fired nine employees in 2022, among other illegal acts, the company, which is …
WASHINGTON — Conservative Supreme Court justices on Wednesday seemed open to a challenge to how the Securities and Exchange Commission fights fraud, in a case that could have far-reaching effects on other regulatory agencies. But Chief Justice John Roberts, signaling his concerns with the power of federal regulators, noted that “the impact of governmental agencies on daily life today is …
