Supreme Court Rules that SEC and Potentially Other Agencies Cannot Impose Civil Penalties in Administrative Proceedings July 9, 2024 By Riëtte van Laack & JP Ellison —

https://www.thefdalawblog.com/2024/07/supreme-court-rules-that-sec-and-potentially-other-agencies-cannot-impose-civil-penalties-in-administrative-proceedings/?utm_source=rss&utm_medium=rss&utm_campaign=supreme-court-rules-that-sec-and-potentially-other-agencies-cannot-impose-civil-penalties-in-administrative-proceedings On Thursday, the 27th of June, the Supreme Court issued its decision in Securities and Exchange Commission v. Jarkesy. The court ruled that the Securities and Exchange Commission (SEC) may not impose fines to penalize securities in its administrative proceedings because that practice violates the Seventh Amendment “right of trial by jury” in all “suits at common law.” This decision likely will impact other federal administrative agencies, including those relevant to our practice.