The Supreme Court has 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.
Because administrative penalties are a thing. Your right to a jury trial only applies to crimes, and not everything is a crime. SCOTUS effectively ruled that if something could be a crime, even if you’re not being charged with a crime, the government can’t issue a non-criminal fine for it instead.
Because administrative penalties are a thing. Your right to a jury trial only applies to crimes, and not everything is a crime. SCOTUS effectively ruled that if something could be a crime, even if you’re not being charged with a crime, the government can’t issue a non-criminal fine for it instead.