SEC v. Jarkesy
✓DecidedDocket:22-859
Fifth Circuit
Argued November 29, 2023
Decided June 27, 2024
Question Presented
Whether the Seventh Amendment entitles a defendant to a jury trial when the SEC seeks civil penalties for securities fraud.
Plain English Summary
The Court held that when the SEC seeks civil penalties against a defendant for securities fraud, the Seventh Amendment entitles the defendant to a jury trial. The SEC cannot adjudicate such claims through in-house administrative proceedings.
In the News
Case Timeline
Certiorari Granted
Supreme Court agreed to hear the case
Oral Arguments
⚖️Case argued before the Court
Nov 29, 2023
Opinion Issued
✓Court's decision released
Jun 27, 2024