bendog
Diamond Member
- Mar 4, 2013
- 46,251
- 9,690
I'm not so sure. Say the SEC fines some corp for failing to file some disclosures. I think that will require an Art III court with a jury. But the case is NOT about damages anyone suffered. Rather, the fine is levied to require regulatory enforcement and the SEC doesn't need additional taxpayer/deficit moneyThis makes them do their job if they want the executive to do something.
They have to be explicit.
That would be a ridiculous additional cost if its clear the corp failed to reveal to investors what it is required.
But it would be a very different issue if, as in this case, there had to be finding of fraud or taking by the corporation. You'd think the govt would have get a jury to agree