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 …
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 …
