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5th Circuit Court Finds SEC Enforcement Unconstitutional [pdf]

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51–60 of 191 posts

Re: 5th Circuit Court Finds SEC Enforcement Unconstitutional [pdf]

#51

> In keeping with Founding conceptions of separation of powers, the Supreme Court has made clear that Congress cannot “delegate to the Courts, or to any other tribunals, powers which are strictly and exclusively legislative.” I love this. I hope this trend catches on, I can't wait to gut these bloated agencies and force Congress to get back to work at the risk of a completely paralyzed society if they don't. Any supr…

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Re: 5th Circuit Court Finds SEC Enforcement Unconstitutional [pdf]

#54

> In keeping with Founding conceptions of separation of powers, the Supreme Court has made clear that Congress cannot “delegate to the Courts, or to any other tribunals, powers which are strictly and exclusively legislative.” I love this. I hope this trend catches on, I can't wait to gut these bloated agencies and force Congress to get back to work at the risk of a completely paralyzed society if they don't. Any supr…

I don't understand how this is supposed to work or why we would believe it would work. Why would we want politicians haggling over the nitty gritty details of how to regulate, for example, pollution? Applying cost-benefit analysis to make rules for countless pollutants and toxins? When they themselves apparently would rather delegate this to experts?

Re: 5th Circuit Court Finds SEC Enforcement Unconstitutional [pdf]

#55
post #17

The gist of the decision is that the SEC’s imposition of civil penalties and disgorgement violated defendants’ seventh amendment right to a jury trial. Under the seventh amendment, you have a right to a jury trial for any claim that would have been an action at law in the courts of England at the time of the founding, prior to the merger of law and equity.[1] There is an additional principle that so called “public ri…

It will be very interesting to see what happens if SCOTUS tries to roll back the administrative state, because this is how Congress wants things to work. They passed all those laws to create the agencies, after all. And the expanding administrative state is what has allowed members of Congress to do less and less actual work, and more and more performance art and fundraising. They barely even have to pass budgets any…

The practical answer is that every country needs a body of law to "bootstrap" with, and English common and case law isn't the worst place to start.

Re: 5th Circuit Court Finds SEC Enforcement Unconstitutional [pdf]

#56
post #17

The gist of the decision is that the SEC’s imposition of civil penalties and disgorgement violated defendants’ seventh amendment right to a jury trial. Under the seventh amendment, you have a right to a jury trial for any claim that would have been an action at law in the courts of England at the time of the founding, prior to the merger of law and equity.[1] There is an additional principle that so called “public ri…

Every creature from the New Deal is probably unconstitutional.

Additional context on that threat of court packing is that the Supreme Court was already invalidating and gutting the New Deal! Its such an important story to me because my grade school history books all upheld the New Deal as this monumental and amazing thing.

From what I can tell, 75% of it (or 75% of the programs it created) was declared unconstitutional, and everything else just hasn't been challenged yet!

And of the things that were challenged and declared constitutional, it was under the threat of court packing! Now, 3-5 generations later, the Supreme Court just can't imagine how society functions by ruling accurately to begin with! I'm pretty interested in any court unwinding this incongruency.

Re: 5th Circuit Court Finds SEC Enforcement Unconstitutional [pdf]

#57
post #17

The gist of the decision is that the SEC’s imposition of civil penalties and disgorgement violated defendants’ seventh amendment right to a jury trial. Under the seventh amendment, you have a right to a jury trial for any claim that would have been an action at law in the courts of England at the time of the founding, prior to the merger of law and equity.[1] There is an additional principle that so called “public ri…

It will be very interesting to see what happens if SCOTUS tries to roll back the administrative state, because this is how Congress wants things to work. They passed all those laws to create the agencies, after all. And the expanding administrative state is what has allowed members of Congress to do less and less actual work, and more and more performance art and fundraising. They barely even have to pass budgets any…

Who’s historical court would you like to reference? We’ve not been a country for as long as there have been traditions and laws about finance in particular. We fought for independence from a monarchy and its kingdom, not to be free from governance.

Re: 5th Circuit Court Finds SEC Enforcement Unconstitutional [pdf]

#58

Earlier quoted context omitted.

No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger ;

> in the time of war So are military courts going to close down since we’ve now ended the Afghanistan war? Or is that comma before “militia” going to mean that the time of war phrase is on for people who in a militia?

> or public danger;

Whether or not we're in a time of public danger is definitely up for debate, but you can't just leave off the second condition in an or statement and pretend it doesn't exist when trying to claim the statement is false.

Re: 5th Circuit Court Finds SEC Enforcement Unconstitutional [pdf]

#59
post #5

Sets an interesting precedent for literally every other federal body that "acts as prosecutor and judge" while skipping the judicial system. Should everyone fighting an immigration or deportation case be able to request a jury trial? What about the military? Labor violations? EPA fines?

While I dislike poorly written laws (including those that work around some failing of our current "state" of government) and judges lacking accountability - this seems to be in the same league as the EPA Regulator Case[0] that's sitting at the Supreme Court right now. The end-goal doesn't appear to be justice for the aggrieved party but more so the elimination of agency-issued oversight. The jurisprudence seems to fo…

> On a basic level this seems to make sense but the practical application of this would mean that legislators would need to explicitly pass legislation anytime a regulatory body needs to address a specific issue or regulate some behavior

Yeah, can you imagine the horror of making the congressmen actually do their job and pass the laws, instead of delegating all their authority to unelected, nameless, and effectively unaccountable bureaucrats, so that they have more time to spend on fundraising and campaigning? This will literally grind US into halt, and bring it to similar stagnation and stasis it was under before FDR.

Re: 5th Circuit Court Finds SEC Enforcement Unconstitutional [pdf]

#60

"The Supreme Court is, no doubt, the nation’s most powerful court. But the 5th Circuit, the federal appeals court that covers Louisiana, Mississippi and Texas, is staking out a claim to be the most dangerous — the least wedded to respecting precedent or following an orderly judicial process. The 5th is arguably the most conservative among the country’s dozen appeals courts." - https://www.washingtonpost.com/opinions/…

This is silly. A conservative opinion writer could write the exact same thing about the 9th circuit court.

Exactly, when people get a decision they don’t like suddenly the courts are “unfair” and acting “rogue”. If your side agrees with it then it was the obvious and “logical/fair” ruling.
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