No. 22-859October Term 2023Decided Jun 27, 2024
SEC v. Jarkesy
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.
Case status
- Current stage
- Decided
- Latest event
- Decision released Jun 27, 2024
- What it's about
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.
Question presented
Does the statutory scheme that empowers the Securities and Exchange Commission violate the Seventh Amendment, the nondelegation doctrine, or Article II of the U.S. Constitution?
- Case path
United States Court of Appeals for the Fifth Circuit / Decision released Jun 27, 2024
- Area
Business and Regulation
Timing
Decided June 27, 2024
The Court released its decision 211 days after oral argument on November 29, 2023. The median for cases argued in November is 136 days.
Related cases
Grounding
- Grounding
- Primary-source trail available.
- Note
- Plain-English explainer. Official filings and opinions remain authoritative.
- Checked
- Apr 30, 2026
- Method
- Methodology