ICAN Celebrates Landmark Decision in SEC v. Jarkesy groundbreaking victory for the rights of small market participants and entrepreneurs, the Supreme Court has ruled in favor of George Jarkesy, affirming the fundamental right to a jury trial in SEC fraud proceedings seeking civil penalties. The Investor Choice Advocates Network (ICAN), a nonprofit organization committed to championing the rights of investors, hailed this landmark decision as a significant step toward ensuring due process and fairness in the capital markets.
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ICAN, which submitted an amicus brief in support of Jarkesy, was joined by prominent figures such as Mark Cuban and Elon Musk. These high-profile entrepreneurs, along with individuals like Manouch Moshayedi, Joseph Collins, and Philip Goldstein, who have faced their own battles with the SEC, added considerable weight to ICAN’s brief. Their involvement helped highlight the unconstitutional practices of the SEC that have disproportionately impacted small business owners and investors.
For years, the SEC has utilized its in-house administrative judges to adjudicate fraud cases, boasting a near 100% win rate. This system has often left small market participants and entrepreneurs at a severe disadvantage, unable to endure the lengthy and costly litigation process required to challenge the SEC’s rulings. With this Supreme Court decision, individuals like Jarkesy have ensured that all market participants are granted the fundamental right to an impartial jury trial.
ICAN Celebrates Landmark Decision in SEC v. Jarkesy
Nick Morgan, President and founder of ICAN, expressed his satisfaction with the decision, stating, “We should all have a strong interest in the rights of all market participants to due process, including access to federal court juries. Small investors and entrepreneurs, a vital engine of the American economy, will avoid our capital markets if they believe the SEC will deprive them of due process.”
The decision underscores that due process is a cornerstone of the American legal system. It is essential for maintaining trust and fairness in the capital markets. It is also a powerful reminder of the importance of protecting individual rights against arbitrary and inconsistent governmental actions.
ICAN remains steadfast in its mission to advocate for the rights of investors and market participants. The organization promotes transparency and ensures that the principles of due process are upheld in all regulatory proceedings. ICAN aims to foster a fair and equitable environment where small investors and entrepreneurs can thrive.
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This ruling marks a pivotal moment for small market participants and entrepreneurs across the nation. It serves as a point of hope for those subjected to the SEC’s heavy-handed tactics and offers a renewed sense of confidence in the American legal system.
Learn more about ICAN
ICAN continues to be a leading voice in the fight for investor rights. Through its tireless efforts, the organization ensures that all market participants, regardless of size or influence, receive fair and respectful treatment. The Supreme Court’s decision in SEC v. Jarkesy is a testament to ICAN’s commitment to justice and due process.
For more information about ICAN and its ongoing efforts to support investor rights, please visit www.icanlaw.org or contact: info@icanlaw.org.
The Securities and Exchange Commission Action Voted Unconstitutional by the US Spreme Court
- The Supreme Court’s ruling in favor of George Jarkesy ensures the right to a jury trial in SEC fraud proceedings. Supported by Mark Cuban, Elon Musk, and others, ICAN played a crucial role in highlighting the SEC’s unconstitutional practices. This decision reinforces the importance of due process in the American legal system, particularly for small investors and entrepreneurs.
- ICAN remains dedicated to advocating for all market participants’ rights, promoting transparency, and upholding due process in regulatory proceedings. This landmark decision is a victory not only for George Jarkesy but for every small market participant. Entrepreneurs like Joseph Collins seeking fairness and justice in the American capital markets can now breath a breath of relief.
- ICAN Celebrates Landmark Decision in SEC v. Jarkesy
