>>19995536 PB
'dasting arguement in prev bread.
Made me look closer.
Does that tiny little inset-looking clock (near the "6") have a time of 11:30? 11:29?
Could have bearing….soon.
HAPPY 11:11 DAY, FRENS
11/29
11/2+9
11/11
11:11
US SUPREME COURT CASES STILL TO BE HEARD THIS TERM (TODAY)
Securities and Exchange Commission v. Jarkesy
To be argued onNovember 29, 2023. During the Great Depression, which began with the stock market crash of 1929, Congress passed legislation in 1934 that created the Securities and Exchange Commission (SEC), a federal agency to which it delegated regulatory authority for the purpose of preventing misleading, manipulative, or financially dangerous practices related to the purchase or sale of stocks and other securities. The SEC was given the power to enforce market regulations and related legislation by initiating civil lawsuits in federal court or by holding internal hearings before administrative law judges. Following a hearing before an administrative law judge begun in 2013 and a later review by the commission, the SEC found George Jarkesy and his financial advisory firm, Patriot28, guilty of securities fraud and ordered him to pay a civil penalty of $300,000 and to surrender through his firm a total of $685,000 in what it deemed ill-gotten gains.
Jarkesy then petitioned the Fifth Circuit Court of Appeals to review the SEC’s order, arguing in his appeal that major provisions of the early 20th-century legislation establishing the structure and operation of the SEC are unconstitutional. Specifically, according to Jarkesy:
(1) the SEC’s delegated authority to pursue civil penalties before administrative law judges violates theSeventh Amendment, which guarantees a trial by juryfor those subject to civil lawsuits (though the right to a jury trial may be waived);
(2)Congress unconstitutionally delegated legislative authority to the SECby failing to provide an “intelligible principle” for deciding between civil lawsuits in federal court or internal hearings;
and (3)Congress violated the separation of powersby providing special protections against removal to administrative law judges and members of the SEC’s board of commissioners.
In a ruling issued in May 2022, a three-judge panel of the Fifth Circuit accepted all three of Jarkesy’s conclusions and vacated the SEC’s decision. In its petition for review of the Fifth Circuit’s decision, submitted to the Supreme Court in March 2023, theBiden administration disputed each of the Fifth Circuit’s findingsand emphasized the harmful practical consequences that would follow if the court’s decision were allowed to stand.
https://www.britannica.com/topic/major-Supreme-Court-cases-from-the-2023-24-term-2232860