The U.S. Supreme Court heard oral arguments on Wednesday in the case of SEC v. Jarkesy, which could have sweeping consequences for the power of federal agencies to enforce the law. The case centers around the Securities and Exchange Commission's (SEC) ability to take enforcement actions outside of the court system. During the oral arguments, the justices questioned the government lawyer about stripping the SEC of some of its enforcement discretion. The outcome of the case could have a major impact on the power of federal agencies to enforce the law, and a ruling is expected in the coming months.
Posts tagged as “The Securities and Exchange Commission”
The Supreme Court heard arguments on Tuesday in a case challenging the Consumer Financial Protection Bureau's (CFPB) funding mechanism, which is provided directly by the Federal Reserve. The plaintiffs, two trade groups representing payday lenders, argue that this is unconstitutional. Both conservative and liberal justices seemed skeptical of the plaintiffs' theory, with Justice Stephen Breyer noting that the CFPB's funding structure is similar to other independent agencies. The outcome of the case will have a significant impact on the CFPB's ability to protect consumers from predatory lenders.
Dan Snyder, the outgoing owner of the Washington Commanders, has been fined $60 million by the NFL after an independent investigation determined he had sexually harassed a team employee and overseen team executives who withheld millions of dollars in revenue from other clubs. The investigation was led by former Securities and Exchange Commission chair Mary Jo White and unanimously approved by the NFL owners. The fine serves as a reminder that the league is serious about its commitment to upholding the highest standards of conduct.
The SEC has charged crypto entrepreneur Justin Sun and eight celebrities, including Lindsay Lohan and Jake Paul, for promoting crypto assets without disclosing they were being compensated for doing so. The celebrities have agreed to pay $400,000 in fines and return the money they were paid for the promotion. The SEC’s investigation is ongoing and serves as a reminder that celebrities must disclose their compensation when promoting investments.
Key takeaways: The Church of Jesus Christ of Latter-day Saints has agreed to pay a $5 million fine to settle charges with the Securities and…
The Securities and Exchange Commission (SEC) has charged former McDonald’s CEO Stephen Easterbrook with making false and misleading statements to investors about the circumstances of…