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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Securities and Exchange Commission

NEW ORLEANS — The Fifth Circuit ruled the Securities and Exchange Commission’s adjudication of a securities fraud case against a hedge fund manager and investment adviser violated their right to a jury trial. Additionally, the court ruled Congress improperly granted the commission legislative power, as it failed to prove an “intelligible principle” by which the commission would “exercise the delegated power.”

Read the opinion here.

Categories / Appeals, Briefs, Financial, Government, Securities

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