Wilshire@lemmy.world to News@lemmy.world · 2 months agoThe Supreme Court strips the SEC of a critical enforcement tool in fraud casesapnews.comexternal-linkmessage-square24fedilinkarrow-up1284arrow-down11
arrow-up1283arrow-down1external-linkThe Supreme Court strips the SEC of a critical enforcement tool in fraud casesapnews.comWilshire@lemmy.world to News@lemmy.world · 2 months agomessage-square24fedilink
minus-squareOptional@lemmy.worldlinkfedilinkarrow-up3arrow-down1·2 months agoEh - i dunno. They “stripped” them of being able to convict without trial by jury. That’s it. Which they do sometimes anyway. And, If they go to trial they’ll quadruple the penalties / sentences just because that’s how federal prosecutors do. I’m not convinced it’s all bad just yet. I could be wrong but that’s the takeaway i got so far.
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up5·2 months agoThey’re going to send all the trials to the Fifth Circuit where they will rule against the SEC.
Eh - i dunno. They “stripped” them of being able to convict without trial by jury. That’s it. Which they do sometimes anyway.
And, If they go to trial they’ll quadruple the penalties / sentences just because that’s how federal prosecutors do.
I’m not convinced it’s all bad just yet. I could be wrong but that’s the takeaway i got so far.
They’re going to send all the trials to the Fifth Circuit where they will rule against the SEC.