The SEC collected a record $8.2 billion
The SEC collected a record $8.2 billion in financial penalties, surpassing the previous year's total of $4.9 billion. This increase was largely due to a judgment against cryptocurrency company Terraform Labs and its former CEO, Do Kwon, for significant securities fraud
The Supreme Court ruled that defendants facing civil penalties from the SEC are entitled to a jury trial under the Seventh Amendment. This decision challenges the SEC's practice of using administrative law judges for certain enforcement actions.