🙋 Polls

In your opinion, should the SEC be allowed to use its in-house court system to hear cases?

Monday, Dec 4, 2023

In your opinion, should the SEC be allowed to use its in-house court system to hear cases?

👍 Yes (35%) – "The SEC rules on complex, technical cases and has as far as I've read in the headlines been very willing to take every lawbreaking party to the end of the process, which isn't always the case in the standard justice system. A civil attorney has to consider what they can explain to a jury which comprises lay people with no expertise in the field; that's a significant stumbling block in their willingness to pursue certain cases, in my experience. The SEC does not face that problem in the same way. Removing their ability to hear cases would remove a powerful tool that keeps at least some investors on their toes."

  • "Hedge funds and financial institutions have a long history of getting away with criminal activity costing billions. It's frustrating to see these crooks seemingly escape justice. Of course these criminals (with unlimited money to buy jurors opinions) would want a trial with a jury of their peers so that they can continue to manipulate the stock market and US economy to their benefit."

"Trails by jury take longer to schedule, resulting in more delays. There are also numerous costs to the American taxpayer in any trial, including funding expert testimony and other displays for the prosecution. While a judge with specialty in financial and trade law is well-versed in the prevalent law as well as the general structure and operation of the business sector, the average juror is likely not, so it seems probable that trials by jury would require more experts, more explanation, and more time to conduct."

👎 No (43%) – "I feel like this is giving judicial power to a non-judicial entity. Having separate court systems is confusing and I think could potentially mess with the the checks and balances established by the Constitution."

  • "With so many bureaucrats being political patrons, it’s easy to suspect the internal judges feel compelled to tilt toward the “correct “ narrative. As a side note, I wonder how many of them have actual industry experience."

"Just another administrative overreach! High time these "LAW" making entities get slapped down! It is up to Congress in the Federal System to make laws not unelected bureaucrats with personal and political agendas! Congress is bad enough but at least they are elected and occasionally get thrown out when they do bad stuff!"

  • "Nothing like stacking the deck in the prosecution's favor. We all know the government hires only impartial professionals."

🤷 Unsure/other (22%) – "I would need to know more about the internal operations of the SEC and whether everything is above-board before coming to a conclusion."

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