The case, which was decided Thursday, ruled that those accused of securities fraud have a right to a fair jury trial.
Mark Cuban, the billionaire owner of the NBA's Dallas Mavericks known widely from ABC's Shark Tank, applauded the U.S. Supreme Court's recent decision in Securities and Exchange Commission v. Jarkesy.'It only took 9 years, but TBH, the SEC will always try every way it can to put its finger on the scale of justice,' Cuban wrote on X, formerly Twitter.The court ruled Thursday that those accused of securities fraud have a right to a fair jury trial.
'In the past, some decisions by the SEC to go after individuals suspected of financial wrongdoing have been questioned for both how the organization pursues them and what legally they should be allowed to do and not to do,' Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, told Newsweek. 'This rule makes it clear in situations involving potential securities fraud that those accused are entitled to a jury trial under the Seventh Amendment.
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