The U.S. Supreme Court on Thursday issued a landmark ruling that will curtail the powers of the executive branch via the Securities and Exchange Commission.
In a 6-3 decision that Real America’s Voice correspondent Mike Davis called a “win for the Constitution,” the court ruled that the SEC must
In practice, the SEC officials act as judge, jury, and executioner while overseeing tribunals meant to enforce federal regulations against corporations. The case was brought by opponents who argued that the system violated defendants’ constitutional rights to a fair and impartial trial. Chief Justice John G. Roberts Jr., writing for the majority, concurred.
“A defendant facing a fraud suit has the right to be tried by a jury of his peers before a neutral adjudicator,” the chief justice wrote, according to the New York Times.
“They use these cases within the SEC to impose fines on people,” Davis said outside the courthouse on Thursday. “They do this without a jury under the 7th Amendment to the Constitution. They also do this when they’re not judges – they’re executive branch employees. They’re not even appointed by the president and confirmed by the Senate.”
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