Elon Musk, Mark Cuban and others challenge SEC's juryless trials. Concerns about fairness and Seventh Amendment rights. Musk and Cuban advocate for 5th Circuit's ruling to protect investors and markets.
The context of this legal challenge centers around the SEC v. Jarkesy case, in which George Jarkesy contends that his Seventh Amendment rights were violated., with others, have collaboratively submitted a shared amicus brief to the Supreme Court, wherein they raise concerns about the Securities and Exchange Commission's approach to conducting internal proceedings without the inclusion of juries.
Mark Cuban, a billionaire crypto investor and DeFi advocate who actively engages in the cryptocurrency space, and Elon Musk, the CEO of Tesla and SpaceX, who recentlythat these administrative proceedings produce disparate outcomes for individuals facing SEC charges. Consequently, this approach has raised concerns, particularly in light of the potential infringement on the Seventh Amendment right to a jury trial.around the SEC v. Jarkesy case.
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Elon Musk and Mark Cuban team up in Supreme Court brief chiding SEC in-house trialsKaelan Deese is a Supreme Court reporter for the Washington Examiner covering the latest happenings at the nation's highest court and the legal issues surrounding Second Amendment rights, abortion, and religious liberties. He previously wrote breaking news as a fellow for the Hill during the 2020 election cycle.
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