Supreme Court Curbs SEC's In-House Judges in Fraud Cases

What You Need To Know

• The 6-3 decision in Securities and Exchange Commission v. Jarkesy could reduce the agency's leverage to extract high-dollar settlements.
• Elon Musk and Mark Cuban are allies of Jarkesy, who argued that defendants have a right to a jury trial when financial penalties are in play.
• The ruling could potentially affect other federal regulators.