Digital Brand Media and Marketing Group Inc (DBMM)

[Poo28]

SCOTUS Modifies SEC Regulations for Financial Fraud

SCOTUS removes power of SEC to prosecute financial fraud, and shifts it to Federal Court, potentially with a jury.

This is a very impactful piece of law and is very significant to the OTC . Administrative Proceedings currently was intended to expedite process, but the independence or lack thereof—remember Lucia — and the expense of litigating in Federal Court , is another complication.

Note it is financial fraud and would effect the Kramer type cases

Stay tuned is an understatement.

$DBMM

https://www.cnn.com/2024/06/27/politics/supreme-court-limits-power-of-sec-to-unilaterally-enforce-financial-fraud-regulations?cid=ios_app