Elon Musk, Mark Cuban Lead Push for Jury Trials in SEC Cases
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Elon Musk, Mark Cuban and others submitted an amicus brief to the Supreme Court raising concerns about the SEC conducting proceedings without juries.
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They argue this violates the 7th Amendment right to a jury trial, as seen in the SEC vs. Jarkesy case.
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This shift occurred after the SEC lost several insider trading cases tried before juries from 2013-2014.
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Musk faces his third legal dispute with the SEC regarding his acquisition of Twitter.
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The amici curiae argue SEC administrative proceedings over federal juries contradicts the SEC's mission and could negatively impact investors.