SEC v. Jarkesy: Rebalancing the Seventh Amendment and the Public Rights Doctrine
Written by Bradford Dudley, L’26 Last summer in SEC v. Jarkesy, the Supreme Court held that the Securities and Exchange Commission violated the Seventh Amendment by adjudicating civil penalties by in-house judges, called administrative law judges, because the SEC’s antifraud provisions replicate common law fraud.[1] Instead, the Court held that defendants are entitled to a jury trial in federal court.[2] The Court also held that … Continue reading SEC v. Jarkesy: Rebalancing the Seventh Amendment and the Public Rights Doctrine