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Wall Street and Stocks blog
SEC v. Jarkesy Put the Jury Back Between Citizens and Agency Courts The 2024 Supreme Court case holding that the Seventh Amendment guarantees a jury when the SEC seeks civil fraud penalties, and what follows. ESG investing with your pension money bends the fiduciary duty owed you A retirement manager owes you loyalty to your financial interest alone. Investing your savings to advance social goals breaks the duty ERISA set in 1974. Capital gains taxes and the lock-in effect that keeps money frozen in place Gains are taxed only on sale, so high rates freeze capital in old holdings, and because gains are not indexed, part of the tax falls on inflation.