No. 22-859October Term 2023Decided Jun 27, 2024
Docket 22-859October Term 2023 (2023–2024)
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
Case Accepted
Arguments HeardNov 29, 2023
Decision ReleasedJun 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
Related cases
Grounding
- Grounding
- Primary-source trail available.
- Note
- Plain-English explainer. Official filings and opinions remain authoritative.
- Checked
- Apr 30, 2026
- Method
- Methodology