Wagner Applauds Supreme Court Decision Protecting Main Street Investors from the SEC’s Rogue, Bureaucratic Regulators

Washington, D.C. – Congresswoman Ann Wagner (R-MO), Chair of the Financial Services Subcommittee on Capital Markets, released the following statement in response to the United States Supreme Court decision in SEC V Jarkesy:

“The Supreme Court’s decision today in SEC v. Jarkesy protects the due process rights of all market participants, increases accountability and transparency, and enhances public trust in our institutions. Last month, my subcommittee held a hearing to examine whether the use of Administrative Law Judges violates the 7th Amendment.  It was clear the SEC was acting as judge, jury, and executioner and violating the individual rights of Main Street Investors.  People deserve a trial by a jury of their peers, not a top-down edict by bureaucrats who think they can do no wrong.  This decision is a victory for all Americans who need to be protected from out-of-control regulators dead-set on ignoring our Constitutional rights.”