The 5th Circuit basically said the SEC is unconstitutional in the way the operate the way they enforce securities law without giving defendants the right to a jury trial. They just dismantled the SEC’s power to enforce securities law.
https://twitter.com/mjs_DC/status/1527009488301170688
The 5th Circuit just ruled that Federal agency power of regulatory enforcement is unconstitutional.
This effectively neuters ALL regulating federal agencies: FDA, CDC, ATF, SEC, EPA, etc etc
You want to regulate? Gotta go through Congress.
As intended.https://t.co/5OuWrhSB3K pic.twitter.com/PmSKqxHubn
— Justin Thyme (@looking5452) May 18, 2022