A Judicial Ruling Challenges the SEC's Illegal Power

A Judicial Ruling Challenges the SEC’s Illegal Power

May 22, 2022 by Wallt Street Journal

Key Facts

  • Constitution’s separation of powers was meant to ensure that government power would never become concentrated in the hands of a few.
  • The separation of powers has since dissolved to a point that would have dismayed the Framers—and should worry all Americans.
  • Court of Appeals for the Fifth Circuit has taken what could be a historic step toward restoring the Constitution’s checks and balances, in the case of Jarkesy v. SEC.
  • It may have a solid case for fraud against investor George Jarkesy, but the powers and perks the agency has accumulated pose the constitutional problem.

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