 The High Court says defendants have a constitutional right to make their case to a federal jury when the SEC is seeking financial penalties. This is a 6-3 ruling. It deals a blow to an administrative system that the agency once used to adjudicate more than 100 cases a year before scaling back amid legal challenges. For more, Bloomberg's June Grasso speaks to Anthony Sabino of St. John's Law School. A lot of people are warning that this decision is going to crimp the SEC's enforcement abilities.