U.S. Supreme Court rules SEC's use of internal judicial process to bring charges is unconstitutional

PANews June 27 news, according to Fox Business Channel reporter Eleanor Terrett, the Supreme Court has just ruled by a vote of 6 to 3 that when the U.S. Securities and Exchange Commission (@SECGov) seeks penalties for fraud, the defendant has the right to a jury trial in federal court rather than accepting the agency's "internal" legal procedures. This move actually binds all federal agencies, not just the U.S. Securities and Exchange Commission (@SECGov), because they must try to try cases in federal court. The Supreme Court ruled that it is unconstitutional for the U.S. Securities and Exchange Commission to use internal judicial procedures to bring charges.